On June 30, Parrott Company sold goods for $800 on account. The journal entry to record the recognition of revenue would include a. a credit to sales revenue of $800. b. a credit to accounts receivable of $800. c .a debit to cash of $800. d. a debit to sales revenue of $800.

On June 30, Parrott Company sold goods for $800 on account. The journal entry to record the recognition of revenue would include a. a credit to sales revenue of $800. b. a credit to accounts receivable of $800. c .a debit to cash of $800. d. a debit to sales revenue of $800.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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