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--/1 Question 1 View Policies Current Attempt in Progress This information relates to Ivanhoe Co.....

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Accounting

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--/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 inventory system. (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 Cash + Inv. + Equipment - Accts. Pay. Common Stock + Rev. + Exp. April 5 $ e Textbook and Media List of Accounts

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