Use a tabular summary to record the following transactions for Blue Spruce Corp. (Omit cost of goods sold entries.)

(a)		On July 1, Blue Spruce Corp. sold merchandise on account to Stacey Inc. for $23,700.
(b)		On July 8, Stacey Inc. returned merchandise worth $2,500 to Blue Spruce Corp..
(c)		On July 11, Stacey Inc. paid for the merchandise.

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

Assets = Liabilities + Stockholders' Equity Retained Ec Cash + + Common Stock Rev. Exp. 23,700 C 23,700 (a) July 1$C (b) 8 (0) 11 = Accts. Rec. = 2, 700C 2 ,500 21200 23,700 2,500 1 2,500 2.200 21,200 ers' Equity Retained Earnings Exp. Sales revenue Sales returns & allowances