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O Del Cash 1.000 . 000 BC Del Account Rema OBD 1000
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Answer #1

C) Debit Accounts receivable for $ 1,000 and Credit Sales revenue $ 1,000.

Explanation : Term 1/10 , n/ 30 means 1% discount if the payment made within 10 days from the date of sale. If not then total amount will be due within 30 days.

Here, no information about the payment has been given. This sales has been made on credit as per the given data. Account receivable account is debited as because it is a credit transaction and it is an income of the business as per accrual basis , so sales revenue account is credited .

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