Include margin explanations for the changes in revenues and expenses. a. b. C. On September...
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Include margin explanations for the changes in revenues and expenses. a. b. C. On September 3, Cullumber Company sold $882,000 of merchandise to Crane Company on account, terms 2/10, n/30. The cost of the merchandise sold was $541,800. On September 6, Crane Company returned $113,400 of the merchandise purchased on September 3. The seller's cost of the merchandise returned was $75,600. On September 13, Crane Company paid the balance due to Cullumber Company. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) Sep. Date 3 6 13 Cash Assets $ Inventory 882000 768600 $ Liabilities Accounts Payable 1 113400 Com Stc 000
Include margin explatotions for the changes in revenues and experses. a. OnSeptember 3 , Cullumber Company sold $882,000 of merchandise to Crane Company on account, terms 2/10,n30. The cost of the merchandise sold was $541.800 b. On September 6, Crane Company returned $113,400 of the merchandise purchased on September 3 . The seller'scost of the merchandise returned was $75,600. c. On September 13, Crane Company poid the balance due to Cullumber Company. (Enter ngative amounts using either a negutive sign preceding the number es -45 or porentheses es (45))
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