1) ABC Inc sold $40,000 of Merchandise to XYZ Inc on credit on 1-5-21. 2) On 4-11-21 It became apparent that XYZ could not pay for the merchandise. 3) On 6-2-21, XYZ Called ABC Inc and said the would pay the $40,000 on 06-5-21 4) XYZ paid the $40.000 invoice on 6-5-21 Prepare the JE's on 1-5-21, 4-11-21, 6-2-21, and 6-5-21