Prepare separate tabular summaries to record these transactions in Wildhorse's records. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) June 4 $ 12 12 Assets Cash Inventory $ $ Liabilities Accounts Payable Common St 11700 $ Wildhorse Company purchased $11,700 worth of merchandise, on account from Hayes Company. The cost of the merchandise was $8,190.12Wildhorse returned $650 worth of goods to Hayes. The goods had a cost of $455 to Hayes.12Wildhorse paid the account in full. Prepare separate tabular summaries to record these transactions in Wildhorse's records. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) $ Common Stock $ Stockholder's Equity Retained Earnings Exp. Rev. $ $ Div. Save for Later Last saved 24 minutes ago. Attempts: 0 of 2 used Submit Answer Saved work will be auto-submitted on the due date. Auto- submission can take up to 10 minutes.
Prepare separate tabular summaries to record these transactions in Wildhorse's records. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) June 4 $ 12 12 Assets Cash Inventory $ $ Liabilities Accounts Payable Common St 11700 $ Wildhorse Company purchased $11,700 worth of merchandise, on account from Hayes Company. The cost of the merchandise was $8,190.12Wildhorse returned $650 worth of goods to Hayes. The goods had a cost of $455 to Hayes.12Wildhorse paid the account in full. Prepare separate tabular summaries to record these transactions in Wildhorse's records. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) $ Common Stock $ Stockholder's Equity Retained Earnings Exp. Rev. $ $ Div. Save for Later Last saved 24 minutes ago. Attempts: 0 of 2 used Submit Answer Saved work will be auto-submitted on the due date. Auto- submission can take up to 10 minutes.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Prepare separate tabular summaries to record these transactions in Wildhorse's records. (Enter negative amounts using either a
negative sign preceding the number e.g. -45 or parentheses e.g. (45).)
June 4 $
12
12
Assets
Cash
Inventory
$
$
Liabilities
Accounts Payable
Common St
11700
$
Wildhorse Company purchased $11,700 worth of merchandise, on account from Hayes Company. The cost
of the merchandise was $8,190.12Wildhorse returned $650 worth of goods to Hayes. The goods had a cost
of $455 to Hayes.12Wildhorse paid the account in full.
Prepare separate tabular summaries to record these transactions in Wildhorse's records. (Enter negative amounts using either a
negative sign preceding the number e.g. -45 or parentheses e.g. (45).)
$
Common Stock
$
Stockholder's Equity
Retained Earnings
Exp.
Rev.
$
$
Div.
Save for Later
Last saved 24 minutes ago.
Attempts: 0 of 2 used
Submit Answer
Saved work will be auto-submitted on the due date. Auto-
submission can take up to 10 minutes.
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