did work for a customer on credit $2500 prepare journal enteries.
did work for a customer on credit $2500
prepare journal enteries.
Homework Answers
| The correct journal entry would be | ||||
| Date | Account Title | Debit | Credit | |
| Account Receivables | $ 2,500 | |||
| Sales Revenue | $ 2,500 | |||
| (to record sales revenue on credit) | ||||
| Logic: | ||||
| 1) | Sales made for credit hence account receivables | |||
| 2) | An account receivable is an asset item, to increase asset item | |||
| debit needs to be given. | ||||
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