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This information relates to Sunandco. 1. 2. On April 5, purchased merchandise from Blossom Company for $26,600 on account. On April 7. purchased equipment on

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This information relates to Sunandco. 1. 2. On April 5, purchased merchandise from Blossom Company for $26,600 on account. On April 7. purchased equipment on account for $28,200. On April 8, returned $3,500 of April 5 merchandise to Blossom Company. On April 15, paid the amount due to Blossom Company in full. 3. 4. Prepare a tabular summary to record the transactions listed above for Sunland 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 4.8. -45 or parentheses 6.8.(45)) Assets LI Cash Inv. Equipment Ac April 5 s $ 7 8 15 1. On April 5, purchased merchandise from Blossom Company for $26,600 on account. On April 7, purchased equipment on account for $28,200. On April 8, returned $3,500 of April 5 merchandise to Blossom Company. On April 15, paid the amount due to Blossom Company in full. 3. 1. epare a tabular summary to record the transactions listed above for Sunland Co. using a perpetual inventory system. Include argin explanations for the changes in revenues and expenses. (Enter negative amounts using either a negative sign preceding the umber eg.-45 or parentheses eg. (45).) Liabilities Stockholders' Equity Retained Earnings Exp. Accts. Pay. Common Stock Rev. $ $ $ Type here to search BI e

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