Question: Question 7 --/1 View Policies Current Attempt in Progress Grouper Company buys merchandise on account from Monty Company for $735. Grouper sells the goods to

 Question 7 --/1 View Policies Current Attempt in Progress Grouper Company

Question 7 --/1 View Policies Current Attempt in Progress Grouper Company buys merchandise on account from Monty Company for $735. Grouper sells the goods to Ellis for $910 cash. Use a tabular summary to record the transactions for Grouper 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).) Assets Liabilities + Stockholders' Equity Accts. Common Retained Earnings Cash Inv. + Pay. Stock + Rev. + Exp. eTextbook and Media List of Accounts

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