More info transactions. Ignore Cost of Goods tory on account to Carter Company unts and Explanation ble-Canter Company tory for cash, $550 unts and Explanation Jun. 1 Jun. 6 Sold merchandise inventory on account to Carter Company $1,575 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 Carter Company in full settlement of its accounts receivable. Print Done X