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Business, 14.02.2020 18:52 nananna90

The following transactions are for Alonzo Company.
1. On December 3, Alonzo Company sold $500,000 of merchandise to Arte Co. on account. The cost of the merchandise sold was $330,000.
2. On December 8, Arte Co. returned $25,000 of merchandise purchased on December 3. The cost of the goods was $16,000.
3. On December 13, Alonzo Company received the balance due from Arte Co.

Prepare a tabular summary to record these transactions for Alonzo Company using a perpetual inventory system. (Enter negative amounts using either a negative sign preceding the number e. g. -45 or parentheses e. g. (45).)

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The following transactions are for Alonzo Company.
1. On December 3, Alonzo Company sold $500...
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