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This information relates to Sandhill Co.. On April 5, purchased merchandise from Carla Vista Company for $25,100 on account. 1. On April 7, purchased equipment
This information relates to Sandhill Co.. On April 5, purchased merchandise from Carla Vista Company for $25,100 on account. 1. On April 7, purchased equipment on account for $32,900. 2. On April 8, returned $4,800 of April 5 merchandise to Carla Vista Company 3. On April 15, paid the amount due to Carla Vista Company in full. 4. Prepare a tabular summary to record the transactions listed above for Rice Co. using a perpetual inventory system. (Enter negative amoun either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) Assets Liabilities Cash Inv. Equipment Accts. Pay. $ $ $ 5 $ April 7 8 15 This information relates to Sandhill C. On April 5, purchased merchandise from Carla Vista Company for $25,100 on account. 1. On April 7, purchased equipment on account for $32,900. 2. On April 8, returned $4,800 of April 5 merchandise to Carla Vista Company. 3. On April 15, paid the amount due to Carla Vista Company in full 4. Prepare a tabular summary to record the transactions listed above for Rice Co. using a perpetual inventory system. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) Stockholders'Equity Liabilities Retained Earnings Equipment Accts. Pay. Exp Common Stock Rev. + $ $ $
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