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show methodssssssssss Presented here are selected transactions for Dunder Mifflin Company during April. Dunder Mifflin uses the perpetual inventory system. April 1: Sald merchandise to
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Presented here are selected transactions for Dunder Mifflin Company during April. Dunder Mifflin uses the perpetual inventory system. April 1: Sald merchandise to Vance Refrigeration for $4,000, on account. The merchandise sold had a cost of $3,200. April 5: Purchased merchandise from Sabre Company for $4,500, on account. April 6: Returned $500 of the items purchased on April 5. April 8: Of the merchandise sold on April 1, $800 of it was returned. The items had cost Dunder Mifflin $640. April 15: Received payment in full from Vance Refrigeration, related to April 1 sale. April 18: Paid for the merchandise purchased on April 5. . Required: Using the attached template file, prepare a tabular summary to the record transactions for Dunder Mifflin listed above. 1 DUNDER MIFFLIN 2 TABULAR SUMMARY OF TRANSACTIONS SHAREHOLDERS' EQUITY ASSETS Accounts Receivable 4,000 LIABILITIES Accounts Payable Common Shares + Inventory Expenses Dividends + Revenues 4,000 4 5 6 Date Cash 7 01-Apr 3 3,200 9 05-Apr 10 06-Apr 1 08-Apr 12 73 3,200 4,500 500 4,500 500 800 800 160 14 15 16 17 16 19 20 Step by Step Solution
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