When sales of merchandise are made for cash, the transaction may be recorded by the following entry:
A)Debit Sales Revenue, credit Cash
B)Debit Cash, credit Sales Revenue
C)Debit Sales Revenue, credit Cash Discounts
D)Debit Sales Revenue, credit Sales Returns and Allowances

Question

Quizplus · Accepted Answer

When merchandise is sold for cash, the cash account is debited to reflect the increase in cash, and the sales revenue account is credited to reflect the revenue earned from the sale.

When Sales of Merchandise Are Made for Cash, the Transaction