The following transactions are forAlonzoCompany.

1.On December 3,AlonzoCompany sold $500,000of merchandise toArtisCo. on the account. The cost of the merchandise sold was $330,000.2.On December 8,ArtisCo. returned $25,000of merchandise purchased on December 3. The cost of the goods was $16,000.3.On December 13,AlonzoCompany received the balance due fromArtisCo.

Prepare a tabular summary to record these transactions forAlonzoCompany using a perpetual inventory system.(Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) Tell if each one is sales revenue, cost of goods sold, sales returns and allowances, or bad debt expense