Mullis Company sold merchandise on account to a customer for $1,085, terms n/30. The journal entry to record this sale transaction would be: Multiple Choice Debit Accounts Receivable $1,085 and credit Sales $1,085. Debit Cash of $1,085 and credit Sales $1,085. Debit Accounts Receivable $1,085 and credit Cash $1,085. O Debit Sales $1,085 and credit Accounts Receivable $1,085. O Debit Cash of $1,085 and credit Accounts Receivable $1,085.

College Accounting, Chapters 1-27
23rd Edition
ISBN:9781337794756
Author:HEINTZ, James A.
Publisher:HEINTZ, James A.
Chapter10: Accounting For Sales And Cash Receipts
Section: Chapter Questions
Problem 2CE: Prepare journal entries for the following sales and cash receipts transactions. (a) Merchandise is...
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Mullis Company sold merchandise on account to a customer for $1,085, terms n/30. The journal entry to record this sale transaction would be:
Multiple Choice
Debit Accounts Receivable $1,085 and credit Sales $1,085.
Debit Cash of $1,085 and credit Sales $1,085.
Debit Accounts Receivable $1,085 and credit Cash $1,085.
O
Debit Sales $1,085 and credit Accounts Receivable $1,085.
O
Debit Cash of $1,085 and credit Accounts Receivable $1,085.
Transcribed Image Text:Mullis Company sold merchandise on account to a customer for $1,085, terms n/30. The journal entry to record this sale transaction would be: Multiple Choice Debit Accounts Receivable $1,085 and credit Sales $1,085. Debit Cash of $1,085 and credit Sales $1,085. Debit Accounts Receivable $1,085 and credit Cash $1,085. O Debit Sales $1,085 and credit Accounts Receivable $1,085. O Debit Cash of $1,085 and credit Accounts Receivable $1,085.
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