Classic Accessories, Inc. sold merchandise on account to Hi-View Industries for $2,950. What is the journal entry Classic Accessories will use to record this transaction?
A)
B)
C)
Sales DR
Accounts Receivable, Hi-View CR
D)
Correct Answer:
Verified
Q21: Jones Co. takes a physical inventory count
Q22: A controlling account can be found in
Q23: A contra-account that records the company's returns
Q24: Account type and normal balance of the
Q25: The entries in a purchases journal are
Q27: A contra-revenue account to record returned goods
Q28: Type of account and normal balance of
Q29: An account used to record transportation charges
Q30: Smith Co. keeps a continuous record of
Q31: The _ is the source for preparing
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