journalize the transaction

X More Info Sold merchandise inventory on account to Calvert Company, $1,460 Jun. 1 Sold merchandise inventory for cash, $450. 6 12 Received cash from Calvert Company in full settlement of its accounts receivable. Sold merchandise inventory on account to Illia Company, $985. Sold merchandise inventory on account to Dobson Company. $285 28 20 22 Received cash from Ilia Company in partial settlement of its accounts receivable, $400 fr Print Done n. nen credits. Exclude explanations from journal entries.) xplanations. (Record debits : S iRequirements te .1 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 5 S ate Print Done n. 6