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This information relates to Ivanhoe Co. 1. 2. 3. 4 On April 5, purchased merchandise from Pharoah Company for $24.200 on account. On April 7.

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This information relates to Ivanhoe Co. 1. 2. 3. 4 On April 5, purchased merchandise from Pharoah Company for $24.200 on account. On April 7. purchased equipment on account for $25,800. On April 8, returned $3,100 of April 5 merchandise to Pharoah Company. On April 15, paid the amount due to Pharoah Company in full Prepare a tabular summary to record the transactions listed above for Ivanhoe Co. using a perpetual inventory system. Include margin explanations for the changes in revenues and expenses. (Enter negative amounts using either a negative sign preceding the number 1.8.45 or parentheses e..(45)) Assets Cash Inv. Equipment 5 April $ $ $ 7 8 15 This information relates to Ivanhoe Co. 1 2. 3. 4. On April 5. purchased merchandise from Pharoah Company for $24.200 on account On April 7. purchased equipment on account for $25,800. On April 8, returned $3,100 of April 5 merchandise to Pharoah Company. On April 15. paid the amount due to Pharoah Company in full. Prepare a tabular summary to record the transactions listed above for Ivanhoe Cousing a perpetual inventory system. Include margin explanations for the changes in revenues and expenses. (Enter negative amounts using either a negative sign preceding the number 8, -45 or parentheses eg. (451) Liabilities Stockholders' Equity Retained Earnings Exp Accts. Pay Common Stock Rev. View Policies Current Attempt in Progress This information relates to Ivanhoe Co. 1 2 3 4. On April 5. purchased merchandise from Pharoah Company for $24.200 on account, On April 7. purchased equipment on account for $25,800. On April 8, returned $3,100 of April 5 merchandise to Pharoah Company On April 15, paid the amount due to Pharoah Company in full. Prepare a tabular summary to record the transactions listed above for Ivanhoe Cousing a perpetual inventory system. Include margin explanations for the changes in revenues and expenses. (Enter negative amounts using either a negative sin preceding the number 8. -45 or parentheses es (451) Stockholders' Equity Retained Earnings Exp. Common Stock Rev. $ $ >

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