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1 it of Carter Wholesale Inc. purchased inventory costing $250,000 on July 7th. On July 10, the company sold 70% of the goods for
1 it of Carter Wholesale Inc. purchased inventory costing $250,000 on July 7th. On July 10, the company sold 70% of the goods for $210,000. All purchases and sales were on account. On July 20, the company collected 25% of its accounts receivable. Required: Drag and drop to journalize the above transactions for Carter Wholesale Inc. (who uses a perpetual inventory system): Date Account Name July 7 July 10 July 10 July 20 Sales revenue DEBIT CREDIT
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