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Journalize the following transactions for Kim Company: a) On July 1st, Sold merchadise on account...

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Accounting

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Journalize the following transactions for Kim Company: a) On July 1st, Sold merchadise on account to Hsu Company for $17,520. The cost of merchandise sold was $12,000. Date Account Debit Credit 1-Jul (Sale) 1-Jul (Cost) b) On August 1, Kim Company accepted a 60-day, 5% note for $17,520 from Hsu Company on account. Date Account Debit Credit 1-Aug c) On September 30th, received from Hsu Company the amount due on the note from August 150 Credit Debit Date Account 1-Jul

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