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Franko Inc. just made a sale to a customer on account (aka. on credit) for $805, terms n/60. What would be the journal entry Franko shold make to record this sale? Multiple Choice Debit Accounts Receivable $805 and credit Sales Revenue $805 Debit Cash of $805 and credit Sales Revenue $805 Debit Sales Revenue $805 and credt Accounts Recelvable $805 Debit Accounts Recevable $805 and credt Cash $805 Prev14 of 34 Next> command option ion command
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Answer #1

Journal entry Franko should make to record the sale will be:

Date Particulars L.F Amount ($) Amount ($)
Account Receivable 805
Sales Revenue 805
(For Sales made on credit)

So, the answer is a.

Debit account receivable and credit sales revenue by $805.

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