Short Answer
Given the following accounts:
[1] Cash
[2] Notes receivable
[3] Accounts receivable
[4] Interest receivable
[5] Notes payable
[6] Accounts payable
[7] Interest payable
[8] Discount on notes payable
[9] Interest expense
[10] Interest income
[11] Sales
Indicate the account(s) to be debited and credited to record the following transactions.
-Sold merchandise on account.
Debit ________ & ________ Credit ________ & ________
Correct Answer:

Verified
Correct Answer:
Verified
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