Homework: Chapter 8 Score: 0 of 4 pts E8-16 (book\'static) HW Score: 0%, D of 25

Question

Homework: Chapter 8 Score: 0 of 4 pts E8-16 (book'static) HW Score: 0%, D of 25 pts cueshon Help Staller Corporaion had thc fo lowing tranzactions In June Read the AuiAmAn Requirement 1 Jouralice the transactions isamore Custof Goods Sol Crmit expansions. ecord debits irst, then tredits. Endude explanations rom lo ms erme%) 1: Sold merchantee Inventory cn account toater Company, $1,5/s. Date lun Jun, Accounts and Explanation Debit Credit More In Jun.1 Sald machandia iwanmory an account to Cartar Campany, 51Srs S Solimerchandiz inweory for cash, $550. ecchablc Sold merch rdse invernory on scoount to ris Company, 5766. subsidiary ledger. Assume 1 beginning balances re$0 20 of the balarces Ih the ub dizry cger. 2 Recced cach fram I Company n partizl tticment accounts Diene Pint Done

Explanation / Answer

Answer 1. Journal Entry Date Particulars Dr. Amt. Cr. Amt. 1-Jun Accounts Receivable - Carter Company    1,575.00     Sales    1,575.00 6-Jun Cash       550.00     Sales       550.00 12-Jun Cash    1,575.00    Accounts Receivable - Carter Company    1,575.00 20-Jun Accounts Receivable - Iris Company       765.00     Sales       765.00 22-Jun Accounts Receivable - Driver Company       730.00     Sales       730.00 28-Jun Cash       765.00    Accounts Receivable - Iris Company       765.00 Answer 2. Cash Date Dr. Cr. Balance 6-Jun       550.00       550.00 Dr. 12-Jun    1,575.00    2,125.00 Dr. 28-Jun       765.00    2,890.00 Dr. Sales Date Dr. Cr. Balance 1-Jun    1,575.00    1,575.00 Cr. 6-Jun       550.00    2,125.00 Cr. 20-Jun       765.00    2,890.00 Cr. 22-Jun       730.00    3,620.00 Cr. Account Receivable Date Dr. Cr. Balance 1-Jun    1,575.00    1,575.00 Dr. 12-Jun    1,575.00                 -   Dr. 20-Jun       765.00       765.00 Dr. 22-Jun       730.00    1,495.00 Dr. 28-Jun       765.00       730.00 Dr. Subsidiary Ledger: Account Receivable - Carter Company Date Dr. Cr. Balance 1-Jun    1,575.00    1,575.00 Dr. 12-Jun    1,575.00                 -   Dr. Accounts Receivable - Iris Company Date Dr. Cr. Balance 20-Jun       765.00       765.00 Dr. 28-Jun       765.00                 -   Dr. Accounts Receivable - Driver Company Date Dr. Cr. Balance 22-Jun       730.00       730.00 Dr. Answer 3. Accounts Receivable Control      730.00 Dr. Subsidiary Ledger: Account Receivable - Carter Company                -   Dr. Accounts Receivable - Iris Company                -   Dr. Accounts Receivable - Driver Company      730.00 Dr. Total      730.00 Dr.

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