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Mullis Company Sold Merchandise on Account to a Customer for $625

Question 149

Multiple Choice

Mullis Company sold merchandise on account to a customer for $625, terms n/30. The journal entry to record this sale transaction would be:


A) Debit Accounts Receivable $625 and credit Sales $625.
B) Debit Accounts Receivable $625 and credit Cash $625.
C) Debit Sales $625 and credit Accounts Receivable $625.
D) Debit Cash of $625 and credit Accounts Receivable $625.
E) Debit Cash of $625 and credit Sales $625.

Correct Answer:

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