Prepare general journal entries without explanations to record the following transactions Jan 1 Sold merchandise to Kelly...

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Accounting

Prepare general journal entries without explanations to record thefollowing transactions
Jan 1 Sold merchandise to Kelly Graham for $1,000 on account.The merchandise cost $600 and the company uses a perpetualinventory system and does not expect any returns
Feb 1 Received $300 from Graham
Jul 1 Wrote off the balance Graham's account asuncollectible
Sep 1 Unexpectedly received payment in full trom Graham

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Date General Journal Debit Credit Jan01 Accounts Receivable 1000 Sales 1000 to record entry for sales of merchandise Cost of goods See Answer

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Prepare general journal entries without explanations to record thefollowing transactionsJan 1 Sold merchandise to Kelly Graham for $1,000 on account.The merchandise cost $600 and the company uses a perpetualinventory system and does not expect any returnsFeb 1 Received $300 from GrahamJul 1 Wrote off the balance Graham's account asuncollectibleSep 1 Unexpectedly received payment in full trom Graham