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June transactions are summarized as follows: (Click the icon to view the transactions.) School Stars...

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Accounting

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June transactions are summarized as follows: (Click the icon to view the transactions.) School Stars produces stars for elementary teachers to reward their students. School Stars' trial balance on June 1 follows: (Click the icon to view the trial balance.) June 1 balances in the subsidiary ledgers were as follows: (Click the icon to view the balances.) Read the requirements. Requirement 1. Journalize the transactions for the company. (Record debits first, then credits. Exclude explanations from any journal entries.) a. Collections on account, $141,000 Date Accounts Debit Credit Cash 150,000 Accounts Receivable 150,000

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