Question: Please answer problem #3, SHOWING ALL WORK ACCORDINGLY. Thank you! Oriole Company buys merchandise on account from Sage Hill Company. The selling price of the

Please answer problem #3, SHOWING ALL WORK ACCORDINGLY. Thank you!

Oriole Company buys merchandise on account from Sage Hill Company. The selling price of the goods is $ 1,250 and the cost of the goods sold is $ 595. Both companies use perpetual inventory systems. Journalize the transactions on the books of both companies. (If no entry is required, select "No Entry" for the account titles and enter for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Debit Credit Account Titles and Explanation Oriole Sage Hill (To record sale of merchandise)

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