Homework Clinic
Social Science Clinic => Accounting => Topic started by: K@ on Feb 18, 2020
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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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debit Cash $1,200, credit Accounts Receivable — Sydney $1,200
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Thank You
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thank you
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thank you
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Thank you