Journalize the following assumed transactions for The Pepson Company. Show amounts in billions. a. Cash purchases of

Question:

Journalize the following assumed transactions for The Pepson Company. Show amounts in billions.
a. Cash purchases of inventory, $3.8 billion
b. Sales on account, $19.7 billion
c. Cost of goods sold (perpetual inventory system), $4.5 billion
d. Collections on account, $18.8 billion