Please do not give image format Use a tabular summary to record the following transactions for Ivanhoe Company using a perpetual inventory system. Include marginexplanations for the changes in revenues and expenses.(a)(b)(c)On March 2, Ivanhoe Company sold $864,000 of merchandise to Oriole Company on account. The cost of the merchandisesold was $583,200.-Decreases in assets, liabilities, or stockholders' equity require a negative sign or parentheses.- Increases in expenses require a negative sign or parentheses.- Reductions in revenues require a negative sign or parentheses.(b)On March 6, Oriole Company returned $151,200 of the merchandise purchased on March 2. The cost of the merchandisereturned was $101,520.On March 12, Ivanhoe Company received the balance due from Oriole Company.(a) Mar. 2 $(c)612Cash+tAAssetsAccts. Rec.+$LAInv."1taLiaAc

Name: Please do not give image format Use a tabular summary to record the fo
Uploaded: 2024-03-20T06:32:37.000Z
Channel: Bartleby
Description: Please do not give image format Use a tabular summary to record the following transactions for Ivanhoe Company using a perpetual inventory system. Include marginexplanations for the changes in revenues and expenses.(a)(b)(c)On March 2, Ivanhoe Compan