Rita Company buys merchandise on account from Linus Company for $590. Rita sells the goods to Ellis
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Rita Company buys merchandise on account from Linus Company for $590. Rita sells the goods to Ellis for $900 cash. Use a tabular summary to record the transactions for Rita Company using a perpetual inventory system. Record sales transactions using a perpetual inventory system.
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Assets Cash Inv 590 900 590 Lia...View the full answer
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