Use the above transactions, to analyze each transaction by indicating its effects on the components of the statement-specifically, identify the accounts and amounts (including + or -) for each transaction.

The following are the sales transactions of EcoMart Merchandising. EcoMart uses a perpetual inventory system and the gross method. October 1 Sold merchandise for $1,500, with credit terms n/30, invoice dated 0ctober 1 . The cost of the merchandise is $900. 0ctober 6 The customer in the october 1 sale returned $150 of merchandise for full credit. The merchandise, which had cost $90, is returned to inventory. October 9 Sold merchandise for $700 cash. Cost of the merchandise is $450. October 30 Received payment for the amount due from the october 1 sale less the return on 0ctober 6. Answer is not complete. Answer is not complete