During March,Seconds Best Company had cash sales of $35,000 and sales on account of $210,000.In April,payments on account totaled $175,000. The journal entry prepared by Seconds Best Company to record customer payments on account during April would include a debit to:
A) Cash and a credit to Deferred Revenue for $175,000.
B) Cash and a credit to Sales Revenue for $175,000.
C) Cash and a credit to Accounts Receivable for $175,000.
D) Cash and a credit to Accounts Payable for $175,000.
Correct Answer:
Verified
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