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Goofy Golf, Sells High-Quality Golf Clubs  Accounts Receivable 2,000 Sales Revenue 2,000\begin{array} { c c } \text { Accounts Receivable } & 2,000 \\\text { Sales Revenue } & 2,000\end{array}

Question 30

Multiple Choice

Goofy Golf, sells high-quality golf clubs. On May 9, Goofy Golf sold five sets of golf clubs at a price of $500 each. Each set was sold for $100 cash and the rest on credit. On June 9, Goofy Golf collected the rest of the cash on the sale. The journal entry to record the collection of cash on June 9 is


A)
 Accounts Receivable 2,000 Sales Revenue 2,000\begin{array} { c c } \text { Accounts Receivable } & 2,000 \\\text { Sales Revenue } & 2,000\end{array}
B)
 Cash 2,000 Sales Revenue 2,000\begin{array}{lll}\text { Cash } & 2,000 & \\\text { Sales Revenue } & & 2,000\end{array}
C)
 Cash 2,000 Accounts Receivable 2,000\begin{array}{l}\text { Cash } \quad 2,000 \\\text { Accounts Receivable } \quad 2,000 \\\end{array}
D)
 Accounts Receivable 2,000 Cash 2,000\begin{array} { l r } \text { Accounts Receivable } & 2,000 \\\text { Cash } & 2,000\end{array}

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