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Record the following transactions on the books of Sunland Co.: (a) On May 1, Sunland Co. sold merchandise on account to Kaneva Inc. for $24,000,
Record the following transactions on the books of Sunland Co.: (a) On May 1, Sunland Co. sold merchandise on account to Kaneva Inc. for $24,000, terms 2/10, n/30. Ignore any entries that affect inventory and cost of goods sold for the purposes of this question. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. List debit entry before credit entry.) Date Account Titles May 1 Debit Credit
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