Use a tabular summary to record the following transactions for Sandhill Co. using a perpetual inventory system. Include margin explanations for the changes in revenues and expenses.

(a)		On March 2, Sandhill Co. sold $960,000 of merchandise to Carla Vista Co. on account. The cost of the merchandise sold was $648,000.
(b)		On March 6, Carla Vista Co. returned $168,000 of the merchandise purchased on March 2. The cost of the merchandise returned was $112,800.
(c)		On March 12, Sandhill Co. received the balance due from Carla Vista Co..

(Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).)

Use a tabula summary to record the following transactions for Sand Casing a perpetuo inventory item Include marin planations for the changes in revenues and expenses IM On March 2. Sant Cos 360.000 of merchandise to Vito Caccount. The cost of the merchandise old was 5648.000 th on Marcha Carla Vita Careturned $168.000 of the merchandise purchased on March 2 The cost of the merchandis returned was $112.000 On March 12. Sandal Carecewed the balance des from Carto Votaco Inter negative amounts using either a negative preceding the numberes-sur parentheses (451 Annet Cash Acts Rec. al Mar 2 $ $ 12 Liabilities Stockholders' Equity Retained Earnings Accts. Pay Common Stock Rev. Exp. I Stockholders' Equity Retained Earnings Common Stock Rev. Exp Sales revenul Bad debt expense Cost of goods sold Accounts receivable Sales returns & allowances