Which of the Following Transactions Would Be Appropriately Processed in the Sales/collection

Multiple Choice

Which of the following transactions would be appropriately processed in the sales/collection process?

A) THT Corporation purchased merchandise on account from HRS Corporation.
B) HRS Corporation received cash from THT Corporation for a previous sale on account.
C) Both THT Corporation purchased merchandise on account from HRS Corporation and HRS Corporation received cash from THT Corporation for a previous sale on account.
D) Neither THT Corporation purchased merchandise on account from HRS Corporation nor HRS Corporation received cash from THT Corporation for a previous sale on account.