Riverbed Company buys merchandise on account from Concord Company for $675. Riverbed sells the goods to Ellis for $1,085 cash. Use a tabular summary to record the transactions for Riverbed Company using a perpetual inventory system. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).)

Assets

=

Liabilities

+

Stockholders' Equity

Cash

+

Inv.

=

Accts.

+

Common

+

Retained Earnings

Pay.

Stock

Rev.

-

Exp.

Sales revenue

Cost of goods sold