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Cardinal Corporation had the following transactions in June -x More Info Requirements Jun. 1 Sold merchandise inventory on account to Cody Company. $1,425. 1. Journalize
Cardinal Corporation had the following transactions in June -x More Info Requirements Jun. 1 Sold merchandise inventory on account to Cody Company. $1,425. 1. Journalize the transactions. Ignore Cost of Goods Sold. Omit explanations 2. Post the transactions to the general ledger and the accounts receivable 6 Sold merchandise inventory for cash, $640. 12 Received cash from Cody Company in full settlement of its accounts receivable. subsidiary ledger. Assume all beginning balances are 50 20 Sold merchandise inventory on account to lda Company. $665. 22 Sold merchandise inventory on account to Demesa Company, 5250. 28 Received cash from Ida Company in partial settlement of its accounts 3. Verify the ending balance in the control Accounts Receivable equals the sum of the balances in the subsidiary ledger. eceivable. $600 Print Done Print Done
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