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Prepare the 4 Journal Entries to resurd thesc transactions. a) ABC Inc sold $40,000 of Merchanchie to XYZ Inc un credit on 1521 b) On

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Prepare the 4 Journal Entries to resurd thesc transactions. a) ABC Inc sold $40,000 of Merchanchie to XYZ Inc un credit on 1521 b) On 4-11-21 it became appacent thant xyz could nit pay for the Merchandire c) On 6-2-21, xyz called ABC Inc + said they would pay the 540 ans on 6521 d) Xyz paid the $40,000 invoice on 6521

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