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P6-2A. Rita Lopez has opened Food on the Go, a wholesale grocery and pizza company, in Edmonton. The following transactions occurred in June: 2022 une
P6-2A. Rita Lopez has opened Food on the Go, a wholesale grocery and pizza company, in Edmonton. The following transactions occurred in June: 2022 une 1 Sold merchandise to Joe Kase Co. on account, $400, invoice No. 702. Cost of inventory was $280. 4 Sold merchandise to Sue Moore Co. on account, $600, invoice No. 703. Cost of inventory was $420. 8 Sold merchandise to Long Co. on account, $700, invoice No. 704. Cost of inventory was $490. 11 Issued credit memorandum No. 34 to Joe Kase Co. for $150 worth of grocery merchandise returned because of spoilage. Cost of inventory was $105. 15 Sold merchandise to Sue Moore Co. on account, $180, invoice No. 705. Cost of inventory was $126. 18 Sold merchandise to Long Co. on account, $300, invoice No. 706. Cost of inventory was $210. 25 Sold merchandise to Joe Kase Co. on account, $1,200, invoice No. 707. Cost of inventory was $840. Journalizing and recording to accounts receivable subsidiary ledger and preparing a schedule of accounts receivable
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