Brief Exercise 6-3 Your answer is partially correct. Try again Use a tabular summary to record the following transactions for Oriole Company using a perpetual inventory system On March 2, Oriole Company sold $878,600 of merchandise to Ivanhoe Company on account. The cost of the merchandise sold was $562,200. (a) (b) On March 6, Ivanhoe Company returned $118,800 of the merchandise purchased on March 2. The cost of the merchandise returned was $61,000. (c) On March 12, Oriole Company received the balance due from Ivanhoe Company. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) Stockholders' Equity Assets Liabilities Retained Earnings Common Stock Exp ccts. Pay. Cash Accts. Rec. Inv. Rev. a) Mar. 2 878600 878600 Sales revenue $1 $ $ $ 562200 Cost of goods sold 562200 b) 6 118800 Sales revenue 118800 61000 61000 c) 12 |(22794) 737006 (759800) Click if you would like to Show Work for this question: Open Show Work LINK TO TEXT INTERACTIVE TUTORIAL