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E8-16 (open response) Question Help Cosmic Corporation had the following transactions in June: i (Click the icon to view the transactions.) Requirements 1. Journalize the
E8-16 (open response) Question Help Cosmic Corporation had the following transactions in June: i (Click the icon to view the transactions.) Requirements 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 $0. 3. Verify the ending balance in the control Accounts Receivable equals the sum of the balances in the subsidiary ledger. Requirement 1. Journalize the transactions. Ignore Cost of Goods Sold. Omit explanations. (Record debits first, then credits. Exclude explanations from joumal entries. Check your spelling carefully and do not abbreviate except with respect to the customer's name. When entering the customer name, enter the name exactly as it is presented in the problem data. For example: Accounts Receivable-Samson Company) Jun. 1: Sold merchandise inventory on account to Crocker Company, $1,550. Date Accounts and Explanation Debit Credit i More Info Jun. 1 Jun. 1 6 12 Sold merchandise inventory on account to Crocker Company. $1,550. Sold merchandise inventory for cash, $610. Received cash from Crocker Company in full settlement of its accounts receivable. Sold merchandise inventory on account to Indigo Company, S725. Sold merchandise inventory on account to Dafler Company, $250. Received cash from Indigo Company in partial settlement of its accounts receivable, $150. 20 22 28 Print Done Enter any number in the edit fields and then click Check Answer. 7 parts I remaining Clear All Check
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