The entry to journalize the receipt of a time draft for an international sale would be
A) debit Time Drafts Receivable; credit Cash.
B) debit Time Drafts Receivable; credit Sales.
C) debit Sales; credit Time Drafts Receivable.
D) debit Cash; credit Time Drafts Receivable.
Correct Answer:
Verified
Q24: Internet sales must be done in cash
Q25: International sales often specify a letter of
Q26: International sales are not a very important
Q27: The entry to journalize the receipt of
Q28: The entry to journalize an Internet cash
Q30: The entry to journalize the receipt of
Q31: The entry to journalize the receipt of
Q32: The entry to journalize an international cash
Q33: The entry to journalize an international cash
Q34: Select the one term that best fits
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