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Instructions Chart of Accounts General Journal Instructions Journalce the following inventory merchandise transactions, assum
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Date General Journal Debit Credit
01-Dec Accounts receivables $17,300
   Sales Revenue $17,300
(to record sales on account)
01-Dec Cost of Goods Sold $12,600
   Merchandise Invebtory (or Inventory) $12,600
(to record cost of goods sold)
06-Dec Cash $16,954
Sales Discount ($17300 x 2%) $346
   Accounts receivables $17,300
(to record payment being received)
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