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Current Attempt in Progress Use a tabular summary to record the following transactions for Metlock Co. (Omit recording cost of goods sold.) and choose the appropriate account for the revenue or expense account. (a) (b) (c) W On July 1, Metlock Co. sold merchandise on account to Stacey Inc. for $22,640. On July 8, Stacey Inc. returned $2,540 of July 1 merchandise to Metlock Co. On July 11. Stacey Inc. paid for the merchandise. Decreases in assets, liabilities, or stockholders' equity require a negative sign or parentheses. Increases in expenses require a negative sign or parentheses. - Increases to Allowance for Doubtful Accounts require a negative sign or parentheses.

Current Attempt in Progress Use a tabular summary to record the following transactions for Metlock Co. (Omit recording cost of goods sold.) and choose the: appropriate account for the revenue or expense account. (a) On July 1, Metlock Ca sold merchiandise on account to Stacey inc, for $22,640. (b) On July 8, Stacey lnc. returned $2.540 of July 1 merchandise to Metlock Ca. (c) On July 11 , Stacey Inc paid for the merchandise - Decreases in assets, liabilities, or stockholders equily require a negative sign ar parentheses - Increases in expenses require a negative sign or parthitheses. Increases to Allowance for Doubiful Accounts require a negative sign or ponentheses

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