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Whispering Winds Company buys merchandise on account from Ayayai Company for $ 7 0 0 . Whispering Winds sells the goods to Ellis for $

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Whispering Winds Company buys merchandise on account from Ayayai Company for $700. Whispering Winds sells the goods to Ellis for $1,062 cash. Use a tabular summary to record the transactions for Whispering Winds Company using a perpetual inventory system. Include margin explanations for the changes in revenues and expenses.
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