The entry to journalize an international cash sale is a debit to Cash and a credit to

Question

Quizplus · Accepted Answer

The correct entry for an international cash sale involves debiting Cash to increase the asset account and crediting Sales to recognize the revenue. The term "International Sales" might be used internally for reporting purposes, but for accounting journal entries, the standard account is "Sales." "Time Drafts Receivable" would not be credited in a cash sale, as this account is used for sales where payment is deferred. "Internet Sales" could be a specific category of sales but is not necessarily related to the method of payment (cash) or the international nature of the sale.

The Entry to Journalize an International Cash Sale Is a Debit