Homework Clinic

Social Science Clinic => Accounting => Topic started by: K@ on Feb 18, 2020

Title: Illusions, Inc. receives payment on account from Sydney, a customer, for $1,200. The journal entry ...
Post by: K@ on Feb 18, 2020

Illusions, Inc. receives payment on account from Sydney, a customer, for $1,200. The journal entry to record this would be:
◦ debit Cost of Goods Sold $1,200, credit Cash $1,200
◦ debit Cash $1,200, credit Accounts Payable — Sydney $1,200
◦ debit Accounts Receivable — Sydney $1,200, credit Sales Revenue $1,200
◦ debit Cash $1,200, credit Accounts Receivable — Sydney $1,200

Title: Illusions, Inc. receives payment on account from Sydney, a customer, for $1,200. The journal entry ...
Post by: TINA on Feb 18, 2020

debit Cash $1,200, credit Accounts Receivable — Sydney $1,200

Title: Re: Illusions, Inc. receives payment on account from Sydney, a customer, for $1,200. The journal ent
Post by: Praneet T on Jul 3, 2020

Thank You

Title: Re: Illusions, Inc. receives payment on account from Sydney, a customer, for $1,200. The journal ent
Post by: Kuldeep Deepak on Jul 31, 2021

thank you

Title: Re: Illusions, Inc. receives payment on account from Sydney, a customer, for $1,200. The journal ent
Post by: Varun Lihal on Jul 31, 2021

thank you

Title: Re: Illusions, Inc. receives payment on account from Sydney, a customer, for $1,200. The journal ent
Post by: Kik on Aug 17, 2021

Thank you