Answered: 19. The business collects cash of…

19. The business collects cash of $6,000 from customers who purchased goods on account.. Which account is credited? A. Cash B. Accounts Receivable C. Sales D. Capital

Century 21 Accounting Multicolumn Journal

11th Edition

ISBN:9781337679503

Author:Gilbertson

Publisher:Gilbertson

Chapter10: Accounting For Sales And Cash Receipts

Section10.4: Posting From A Cash Receipts Journal

Problem 1AYU

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Concept explainers

Bookkeeping

Bookkeeping is the process of recording the financial transactions of a company on a regular basis. With the process of bookkeeping, companies can track important financial information that helps management in making crucial decisions.

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required: please answer this question by choosing the right options.

19. The business collects cash of $6,000 from customers who purchased goods on account.
Which account is credited?
A. Cash
B. Accounts Receivable
C. Sales
D. Capital

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