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Lorenzo Corporation operates in a state with no sales tax. The company uses the perpetual inventory system. DATE TRANSACTIONS June 5 , 2 0 X

Lorenzo Corporation operates in a state with no sales tax. The company uses the perpetual inventory system.
DATE TRANSACTIONS
June 5,20X1 Sold merchandise on account to White Company; issued Sales Slip 1200 for $1,500, terms n30. The cost of the merchandise sold was $902.
June 15,201 Recorded cash sales, $2,690. The cost of the merchandise sold was $1,610.
June 30,20X1 Received payment on account due from White Company for the sale on June 5.
Record the above transactions in a general journal.
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