Multiple Choice
On October 1,Robertson Company sold inventory in the amount of $5,800 to Alberta,Inc.with credit terms of 2/10,n/30.The cost of the items sold is $4,000.Robertson uses a periodic inventory system.The journal entry (or entries) prepared by Robertson on October 1 is(are) :
A) Debit Sales Revenue and credit Accounts Receivable for $5,800.
B) Debit Sales Revenue and credit Accounts Receivable for $5,800;debit Cost of Goods Sold and credit Inventory for $4,000.
C) Debit Accounts Receivable and credit Sales Revenue for $5,800.
D) Debit Accounts Receivable and credit Sales Revenue for $5,800;Debit Cost of Goods Sold and credit Inventory for $4,000.
Correct Answer:

Verified
Correct Answer:
Verified
Q198: Eugene Co.has inventory it purchased for $6,000.It
Q199: Match the term to the appropriate definition.There
Q200: Which of the following is the equation
Q201: Match the term to the appropriate definition.There
Q202: Which of the following line items below
Q204: The gross profit percentage is the ratio
Q205: On December 31,2018,you count 600 backpacks in
Q206: The five-step revenue model requires:<br>A)sales revenue to
Q207: When a periodic inventory system is in
Q208: Match the term to the appropriate definition.There