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This information relates to Oriole Co. 1. On April 5, purchased merchandise from Ivanhoe Company for $24,800 on account. 2. On April 7, purchased equipment

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This information relates to Oriole Co. 1. On April 5, purchased merchandise from Ivanhoe Company for $24,800 on account. 2. On April 7, purchased equipment on account for $26,400. 3. On April 8, returned $3,200 of April 5 merchandise to Ivanhoe Company. 4. On April 15, paid the amount due to Ivanhoe Company in full. Prepare a tabular summary to record the transactions listed above for Oriole Co. using a perpetual inventory system. Include margin explarnations for the changes in revenues and expenses. (Enter negative amounts using either a negative slgn preceding the number eg. -45 or parentheses eg (45))

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