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A company had the following transactions. Journalize those transactions that should be recorded in a sales journal. June 1 Sold merchandise costing $346 to Smith
A company had the following transactions. Journalize those transactions that should be recorded in a sales journal. June 1 Sold merchandise costing $346 to Smith for $506 cash, invoice number 308 , June 2 Sold merchandise costing $890 to Rex for $1,279, terms n/20, invoice number 309 . June 18 Sold merchandise costing $229 to James for $359, terms 2/30,n/60, invoice number 310 . June 19 Sold its office building (noninventory) for $326,000 cash to Williams. June 22 Received $1,279 cash from Rex to pay for the purchase of June 2 . June 26 Borrowed $8,260 cash in exchange for a note payable
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