Steller Company had the following trånsactions Jun. 1 Sold merchandise inventory on account to Carter Company, $1,575. 6. Sold merchandise inventory for cash, $550. 12 Received cash from Carter Company in full settlement of its accounts receivable. 20 Sold merchandise inventory on account to Iris Company, $765. 22 Sold merchandise inventory on account to Driver Company, $230. Received cash from Iris Company in partial settlement of its accounts receivable, $300. 28 Requirements 1. Journalize the transactions. Ignore Cost of Goods Sold. Omit explanations.
Steller Company had the following trånsactions Jun. 1 Sold merchandise inventory on account to Carter Company, $1,575. 6. Sold merchandise inventory for cash, $550. 12 Received cash from Carter Company in full settlement of its accounts receivable. 20 Sold merchandise inventory on account to Iris Company, $765. 22 Sold merchandise inventory on account to Driver Company, $230. Received cash from Iris Company in partial settlement of its accounts receivable, $300. 28 Requirements 1. Journalize the transactions. Ignore Cost of Goods Sold. Omit explanations.
Accounting Information Systems
10th Edition
ISBN:9781337619202
Author:Hall, James A.
Publisher:Hall, James A.
Chapter2: Introduction To Transaction Processing
Section: Chapter Questions
Problem 24P
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