The following transactions are for Carla Vista Company.

1.		On December 3, Carla Vista Company sold $590,000 of merchandise to Sandhill Co. on account. The cost of the merchandise sold was $389,400.
2.		On December 8, Sandhill Co. returned $29,500 of merchandise purchased on December 3. The cost of the goods was $18,880.
3.		On December 13, Carla Vista Company received the balance due from Sandhill Co.

Prepare a tabular summary to record these transactions for Carla Vista 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).)

The following transactions are for Carla Vista Company. 1. On December 3, Carla Vista Company sold $590,000 of merchandise to Sandhill Co. on account. The cost of the merchandise sold was $389,400. 2. On December 8, Sandhill Co. returned $29,500 of merchandise purchased on December 3. The cost of the goods was $18,880. 3. On December 13, Carla Vista Company received the balance due from Sandhill Co. Prepare a tabular summary to record these transactions for Carla Vista 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 Retained Earnings Accts. Rec. Accts. Pay. Date Cash + + Inventory + Common Stock Rev. Exp. Dec. 3 $ $ Accounts recievable Cost of goods sold Bad debt expense Sales returns & allowances 8 Sales revenue 13