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Use a tabular summary to record the following transactions Use...

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Accounting

Use a tabular summary to record the following transactions
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Use a tabular summary to record the following transactions for Oriole Company using a perpetual inventory system. Include margin explanations for the changes in revenues and expenses. (a) On March 2, Oriole Company sold $704,000 of merchandise to Pharoah Company on account. The cost of the merchandise sold was $475,200. (b) On March 6, Pharoah Company returned $123,200 of the merchandise purchased on March 2 The cost of the merchandise returned was $82,720. (c) On March 12, Oriole Compary received the balance due from Pharoah Company. - Decreases in assets, Boblitiles, or stockholders' equity require a negative sign or parentheses. - Increases in expenses require a negative sign or porentheses. - Reductions in revenues require a negative slgn or parentheses

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