/ / 2 of 2 (1 complete) / / Homework: C8A3 Score: 0 of 1 pt . E8-16 (similar to) Galactic Corporation had the following transactions in June (Click the icon to view the transactions.) Read the requirements / / Requirement 1. Journalize the transactions. Ignore Cost of Goods Sold Omit explanations. (Record debits first, then credits. Exclude explanations from journal entries.) Jun 1: Sold merchandise inventory on account to Cullen Company, $1,680 . Accounts and explanation Debit Credit Date Choose from any list or enter any number in the input fields and then click Check Answer. remaining Type here to search o te -a 3W of Goods Sold. Omit explanations. (Record debits first, then credits. Exclude explanations from journal entries.) Company, $1,680. Debit 0 Requirements 1 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 so 3. Verify the ending balance in the control Accounts Receivable equals the sum of the balances in the subsidiary ledger Print Done ut fields and then click Check Answer Clear All Dropbox promotion 2 of 2 (1 complete) 0 More Info 12 Sold. Omit , $1,680. Debit Jun. 1. Sold merchandise inventory on account to Cullen Company, $1,680. 6 Sold merchandise inventory for cash, $725. Received cash from Cullen Company in full settlement of its accounts receivable. Sold merchandise inventory on account to Ilia Company, $950. Sold merchandise inventory on account to Demesa Cornpany. $350 28 Received cash from Ilia Company in partial settlement of its accounts receivable, $250. 20 Print Done subsidiary ledger. Assume all beginning balances are $0. 3. Verify the ending balance in the control Accounts Receivable equals the sum of the balances in the subsidiary ledger