Solved

During March, Seconds Best Company Had Cash Sales of $10,000

Question 144

Multiple Choice

During March, Seconds Best Company had cash sales of $10,000 and sales on account of $60,000.In April, payments on account totaled $50,000.
-Use the information above to answer the following question.The journal entry prepared by Seconds Best Company to record customer payments on account during April would include a debit to:


A) Cash and a credit to Unearned Sales Revenue for $50,000.
B) Cash and a credit to Sales Revenue for $50,000.
C) Cash and a credit to Accounts Receivable for $50,000.
D) Cash and a credit to Accounts Payable for $50,000.

Correct Answer:

verifed

Verified

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

Related Questions