Write the journal entries for the following transaction of Amy's publishing company in September 2020: On...

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Write the journal entries for the following transaction of Amy's publishing company in September 2020: On...

Write the journal entries for the following transaction of Amy's publishing company in September 2020:

On September 1st 2020, Amy's publishing company signed a contract with a customer to print 1000 copies of advertising pamphlet at $5 each to be delivered on September 30th. The customer will pay $5,000 within 30 days of the delivery of the pamphlets.

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Answer 1

Answer #1

Date	General Journal	Debit	Credit
9/1/2020	No Entry
9/30/2020	Accounts Receivable	$5000
	To Sales		$5000
	Entry for payment only to be recorded after receipt of cash

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Answer 2

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