A Customer Purchased a Holiday Package Worth $5000 from Oasis

Multiple Choice

A customer purchased a holiday package worth $5000 from Oasis Holidays Ltd and paid a cash deposit of $1000.The balance is to be paid in two instalments of $2000 each over the next two months.The debit and credit entries for Oasis Holidays Ltd are:

A) debit sales $5000; credit accounts receivable $4000, credit cash $1000.
B) debit cash $1000, debit accounts receivable $4000; credit sales $5000.
C) debit cash $4000, debit accounts payable $1000; credit sales $5000.
D) debit cash $5000, debit accounts receivable $1000; credit sales $4000.