Question
I am looking for a solution for question 16E. My subject is Accounting II. Can you please assist me? Thank you Chapter 9 Problem 16E
I am looking for a solution for question 16E. My subject is Accounting II. Can you please assist me? Thank you
Chapter 9 Problem 16E is posted but there is no solution to the problem.
The question is pretty long. How do I post it, because I can not copy and paste?
You are correct. It is not a question it is a problem I need several answers for.
Stellar Company had the following transactions in June:
Jun 1 Sold merchandise inventory on account to Carter Company $1,575
Jun 6 Sold merchandise inventory for cash $550
Jun 12 Received cash from Carter Company in full settlement of its accounts receivable
Jun 20 sold merchandise inventory on account to Iris Company $765
Jun 22 Sold merchandise inventory on account to Driver Company $230
Jun 28 Received cash from Iris Company in partial settlement of its accounts receivable $300
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
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