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A Company Received $75 000 from a Customer 'On Account

Question 5

Multiple Choice

A company received $75 000 from a customer 'on account'.The journal entry would be to:


A) debit Accounts receivable and credit Sales revenue.
B) debit Sales revenue and credit Accounts receivable.
C) debit Cash and credit Accounts receivable.
D) debit Accounts receivable and credit Cash.

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