Solved

Sky Co Collected $600 from One of Its Customers for Payment

Question 68

Multiple Choice

Sky Co. collected $600 from one of its customers for payment on their account. The journal entry would include a:


A) debit to Accounts Receivable and a credit to Cash.
B) debit to Cash and a credit to Accounts Payable.
C) debit to Cash and a credit to Accounts Receivable.
D) debit to Cash and a credit to Sales Revenue.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions