A company received $75 000 from a customer 'on account'.The journal entry would be to:
A) debit Accounts receivable and credit Sales revenue.
B) debit Sales revenue and credit Accounts receivable.
C) debit Cash and credit Accounts receivable.
D) debit Accounts receivable and credit Cash.
Correct Answer:
Verified
Q62: When a business records an expense incurred,the
Q75: Which of the following journal entries
Q76: Which of the following journal entries
Q77: When a business makes a cash payment,the
Q78: Which of the following journal entries
Q81: The following are the current month's
Q82: When is a trial balance usually prepared?
A)After
Q83: Which of the following statements is FALSE?
A)A
Q84: Which of the following statements CORRECTLY describes
Q125: In a trial balance,total debits are always
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents