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Author Question: Illusions, Inc. receives payment on account from Sydney, a customer, for $1,200. The journal entry ... (Read 8385 times)

K@

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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


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Marked as best answer by K@ on Feb 18, 2020

TINA

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Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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