Blueline Incorporated had $10,000 in credit sales. The credit entry is to Select one: O a....

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Blueline Incorporated had $10,000 in credit sales. The credit entry is to Select one: O a. Retained earnings O b. Accounts pa

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Answer 1

Answer #1

Answer : Option E : None of the above.

Explanation : When Credit sales is made Sales revenue is credited and Accounts receivable is debited.

Journal entry for credit sales is

Accounts receivable	$10,000
Sales revenue		$10,000
(To record Sales Made on Account)

Sales revenue is income ,it will be credited and Accounts receivable is an amount receiveble from customer it is debited.

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Answer 2

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