٢٤ Identify the correct journal entry when cashis received from customers - periodicinventory systemО а.Dr CashAccounts payable Crb.Dr Accounts payableCash CrС.Dr CashAccounts Receivables CrO d.Dr Accounts ReceivablesCash Cr

Customers are accounts receivables which are decreased and cash is increased.

Identify the correct journal entry when cash is received from customers - periodic inventory system а. Dr Cash Accounts payable Cr b. Dr Accounts payable Cash Cr C. Dr Cash Accounts Receivables Cr O d. Dr Accounts Receivables Cash Cr

Identify the correct journal entry when cash is received from customers - periodic inventory system а. Dr Cash Accounts payable Cr b. Dr Accounts payable Cash Cr C. Dr Cash Accounts Receivables Cr O d. Dr Accounts Receivables Cash Cr

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter7: Accounting Information Systems

Section: Chapter Questions

Problem 14Q: A journal entry that requires a debit to Accounts Receivable and a credit to Sales goes in which...

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Question

٢٤

Identify the correct journal entry when cash
is received from customers - periodic
inventory system
О а.
Dr Cash
Accounts payable Cr
b.
Dr Accounts payable
Cash Cr
С.
Dr Cash
Accounts Receivables Cr
O d.
Dr Accounts Receivables
Cash Cr

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