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.
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.
Chapter6: Merchandising Transactions
Section: Chapter Questions
Problem 15MC: A customer returns $870 worth of merchandise and receives a full refund. What accounts recognize...
Related questions
Question
![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.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F30087330-3f61-40cc-b404-55ea18b96426%2F8e5b4df2-819e-47f1-b602-b12dc00e1820%2F0letr6b_processed.jpeg&w=3840&q=75)
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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