Staller Company had the following transactions in June:

Jun.1	Sold merchandise inventory on accounts to Carter Company, $1575.
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, $230.
22	Sold merchandise inventory on account to Driver Company, $230.
28	Received cash from Iris Company in partial settlement of its accounts receivable.

Requirements:

1. Journalize the transactions. Ignore Cost of Goods Sold. Omit explanations.
2. Post the transactions to the general ledger and the accounts receivable subsidiary ledger. Assume all beginning balances are $0.

Answer rating: 100% (QA)

1 Date Particulars Debit Credit 1 june Carter Comp... View the full answer