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Your answer is partially correct. Ty aain Prepare the journal entries to record the following transactions on Wildhorse Co.'s books using a perpetual inventory system.
Your answer is partially correct. Ty aain Prepare the journal entries to record the following transactions on Wildhorse Co.'s books using a perpetual inventory system. (If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.) (a) (b) (c) On March 2, Carla Vista Co. sold $861,500 of merchandise to Wildhorse Co., terms 2/ 10, /30. The cost of the merchandise sold was $532,600. On March 6, Wildhorse Co. returned $100,500 of the merchandise purchased on March 2. The cost of the merchandise returned was $68,800. On March 12, Carla Vista Co. received the balance due from Wildhorse Co No. Date Account Titles and Explanation Debit Credit (a) March 2 Accounts Receivable 861500 Cost of Goods Sold 861500 (b) T March 6 # ventory (March 12Cash
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