Homework answers / question archive / Question 1 of 5 -/4 View Policies Current Attempt in Progress Swifty Company buys merchandise on account from Blue Spruce Company for $ 688

Question 1 of 5 -/4 View Policies Current Attempt in Progress Swifty Company buys merchandise on account from Blue Spruce Company for $ 688

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Question 1 of 5 -/4 View Policies Current Attempt in Progress Swifty Company buys merchandise on account from Blue Spruce Company for $ 688. Swifty sells the goods to Ellis for $1,044 cash. Use a tabular summary to record the transactions for Swifty Company using a perpetual inventory system. Include margin explanations for the changes in revenues and expenses. (Enter negative amounts using either a negative sin preceding the number es. -45 or parentheses eg: (45)) Assets Liabilities Accts. Pay. Cash Inv. Common Stock Question 1 of 5 View Policies Current Attempt in Progress Swifty Company buys merchandise on account from Blue Spruce Company for $ 688. Swifty sells the goods to Ellis for $1,044 cash. Use a tabular summary to record the transactions for Swifty Company using a perpetual inventory system. Include margin explanations for the changes in revenues and expenses. (Enter negative amounts using either a negative sign preceding the number e.g.-45 or parentheses es. (451) Stockholders' Equity Retained Earnings Common Stock Rev. Exp. e Textbook and Media