Assets | = | Liabilities | + | Retained Earnings | |||||||||||
Cash | + | Accounts Receivable | + | Inventory | = | Accounts payable | + | Common stock | + | Revenues | - | Expenses | |||
Mar-02 | + | $8,53,600 | + | = | + | + | $8,53,600 | - | |||||||
+ | + | -$5,40,300 | = | + | + | - | $5,40,300 | ||||||||
Mar-06 | + | -$1,14,200 | + | = | + | + | -$1,14,200 | - | |||||||
+ | + | $68,200 | = | + | + | - | -$68,200 | ||||||||
Mar-12 | $7,39,400 | + | -$7,39,400 | + | = | + | + | - | |||||||
X Your answer is incorrect Use a tabular summary to record the following transactions for Blossom...
Question 10 View Policies Current Attempt in Progress Use a tabular summary to record the following transactions for Cullumber Company using a perpetual inventory system. (a) On March 2, Cullumber Company sold $928,800 of merchandise to Oriole Company on account. The cost of the merchandise sold was $511,500. (b) On March 6, Oriole Company returned $108,400 of the merchandise purchased on March 2. The cost of the merchandise returned was $60,800. (c) On March 12, Cullumber Company received the balance...
Use a tabular summary to record the following transactions for Marigold Corp. (Omit cost of goods sold entries.) (a) On July 1, Marigold Corp. sold merchandise on account to Stacey Inc. for $24,400. (b) On July 8, Stacey Inc. returned merchandise worth $2,200 to Marigold 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 Earnings...
Exercise 6-1 This information relates to Blossom Co.. 1. On April 5, purchased merchandise from Sunland Company for $26,200 on account. 2. On April 7, purchased equipment on account for $34,500. 3. On April 8, returned $3,900 of April 5 merchandise to Sunland Company. 4. On April 15, paid the amount due to Sunland Company in full. Prepare a tabular summary to record the transactions listed above for Rice Co. using a perpetual inventory system. (Enter negative amounts using either...
Use a tabular summary to record the following transactions for Marigold Corp. (Omit cost of goods sold entries.) (a) On July 1, Marigold Corp. sold merchandise on account to Stacey Inc. for $24,400. (b) On July 8, Stacey Inc. returned merchandise worth $2,200 to Marigold 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 Earnings...
Question 2 --/1 View Policies Current Attempt in Progress The following transactions are for Ivanhoe Company. 1. On December 3, Ivanhoe Company sold $492,700 of merchandise to Oriole Co. on account. The cost of the merchandise sold was $312,100. 2. On December 8, Oriole Co. returned $23,000 of merchandise purchased on December 3. The cost of the goods was $16.000. 3. On December 13, Ivanhoe Company received the balance due from Oriole Co. Prepare a tabular summary to record these...
Question 6 /1 View Policies Current Attempt in Progress Martinez Company buys merchandise on account from Marigold Company for $695. Martinez sells the goods to Ellis for $1,120 cash. Use a tabular summary to record the transactions for Martinez Company using a perpetual inventory system. (Enter negathve amounts using either a negative sign preceding the number eg. -45 or parentheses e.s. (45)) ort Assets Liabilities Stockholders Equity Retained Earnings Accts. Common Cash Pay Inv Stock Rev. eTextbook and Media /1...
On October 5, Bridgeport Company buys merchandise on account from Lasse Company. The purchase price of the goods is $4,030. On October 20, Bridgeport sells all of the merchandise to Thom for $6,330 cash. Use a tabular summary to record the transactions for Bridgeport Company using a perpetual inventory system. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) Assets Liabilities + + Stoi Cash + Inv. = Accts. Pay. Common Stock...
This information relates to Pharoah Co.. 1. 2. 3. 4. On April 5, purchased merchandise from Cullumber Company for $28,600 on account. On April 7, purchased equipment on account for $32,000. On April 8, returned $3,500 of April 5 merchandise to Cullumber Company. On April 15, paid the amount due to Cullumber Company in full. Prepare a tabular summary to record the transactions listed above for Rice Co. using a perpetual inventory system. (Enter negative amounts using either a negative...
--/1 Question 1 View Policies Current Attempt in Progress This information relates to Ivanhoe Co.. 1. On April 5, purchased merchandise from Pharoah Company for $26,200 on account. 2. On April 7, purchased equipment on account for $30,500. 3. On April 8, returned $3,900 of April 5 merchandise to Pharoah Company. 4. On April 15, paid the amount due to Pharoah Company in full. Prepare a tabular summary to record the transactions listed above for Rice Co. using a perpetual...
--/1.5 Question 3 View Policies Current Attempt in Progress On October 5, Pina Colada Company buys merchandise on account from Lasse Company. The purchase price of the goods is $3,420. On October 20, Pina Colada sells all of the merchandise to Thom for $6,370 cash. Use a tabular summary to record the transactions for Pina Colada Company using a perpetual inventory system. (Enter negative amounts using either a negative sign preceding the number e.g.-45 or parentheses e.g. (45).) Assets Liabilities...