On February 1 2016 Fresno Company sells merchandise on account to Aiken Company for $7800. The entry to record this transaction by Fresno Company is a.
$\begin{array}{lrr}
\text { Sales Revenue} &7,800\
\text { Accounts Payable} &&7,800\
\end{array}$

b.
$\begin{array}{lrr}
\text { Cash } &7,800\
\text { Sales Revenue } &&7,800\
\end{array}$

c.
$\begin{array}{lrr}
\text { Accounts Receivable } &7,800\
\text { Sales Revenue } &&7,800\
\end{array}$

d.
$\begin{array}{lrr}
\text {Notes Recenable } &7,800\
\text { Accounts Receivable} &&7,800\
\end{array}$

Question

On February 1 2016 Fresno Company sells merchandise on account to Aiken Company for $7800. The entry to record this transaction by Fresno Company is a. 
$\begin{array}{lrr}
  \text {  Sales Revenue} &7,800\
 \text {  Accounts Payable} &&7,800\
\end{array}$

b. 
$\begin{array}{lrr}
  \text { Cash } &7,800\
 \text { Sales Revenue } &&7,800\
\end{array}$

c.
$\begin{array}{lrr}
  \text { Accounts Receivable } &7,800\
 \text { Sales Revenue } &&7,800\
\end{array}$

d. 
$\begin{array}{lrr} 
  \text {Notes Recenable  } &7,800\
 \text { Accounts Receivable} &&7,800\
\end{array}$

Quizplus · Accepted Answer

The Answer of On February 1 2016 Fresno Company sells merchandise on account to Aiken Company for $7800. The entry to record this transaction by Fresno Company is a. 
$\begin{array}{lrr}
  \text {  Sales Revenue} &7,800\
 \text {  Accounts Payable} &&7,800\
\end{array}$

b. 
$\begin{array}{lrr}
  \text { Cash } &7,800\
 \text { Sales Revenue } &&7,800\
\end{array}$

c.
$\begin{array}{lrr}
  \text { Accounts Receivable } &7,800\
 \text { Sales Revenue } &&7,800\
\end{array}$

d. 
$\begin{array}{lrr} 
  \text {Notes Recenable  } &7,800\
 \text { Accounts Receivable} &&7,800\
\end{array}$

On February 1 2016 Fresno Company Sells Merchandise on Account Sales Revenue7,800 Accounts Payable7,800\begin{array}{lrr} \text { Sales Revenue} &7,800\\ \text { Accounts Payable} &&7,800\\\end{array} Sales Revenue Accounts Payable​7,800​7,800​

On February 1 2016 Fresno Company Sells Merchandise on Account $\begin{array}{lrr} \text { Sales Revenue} &7,800\\ \text { Accounts Payable} &&7,800\\\end{array}$