Recognizing Accounts Receivable On June 7, Pixer Co. sells $1,500 of merchandise to Jasmine Co. on account Jasmine Co. pays for this merchandise on June 21. a. Prepare the entry on Pixer's books to record the sale. b. Prepare the entry on Pixer's books to record the receipt of payment General Journal Description Debit Date June 7 Credit To record sales of merchandise. b. General Journal Date Description June 21 e To record receipt of cash from customer Debit Credit