t E6.1 This information relates to Rice Co. 1. On April 5, purchased merchandise from Jax Company for $28,000 on account. < 2. On April 7, purchased equipment on account for $30,000.- 3. On April 8, returned $3,600 of April 5 merchandise to Jax Company.+ 4. On April 15, paid the amount due to Jax Company in full. < Instructions Prepare a tabular summary to record the transactions listed above for Rice Co. using a perpetual inventory system. < Assets Liabilities Accts. Stockholders' Equity Common Retained Earnings Cash Inv. + Equip Pay. Stock Rev. Exp. E6.4 The following transactions are for Alonzo Company. 1. On December 3, Alonzo Company sold $500,000 of merchandise to Arte Co. on account. The cost of the merchandise sold was $330,000. 2. On December 8, Arte Co. returned $25,000 of merchandise purchased on December 3. The cost of the goods was $16,000. 3. On December 13, Alonzo Company received the balance due from Arte Co. Instructions Prepare a tabular summary to record these transactions for Alonzo Company using a perpetual inventory system. Assets Accts. Liabilities Accts. Stockholders' Equity Common Retained Earnings Cash Rec. Inv. Pay. + Stock Rev. Exp.