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A Customer Purchased $2,000 of Goods on Credit from Holiday

Question 93

Multiple Choice

A customer purchased $2,000 of goods on credit from Holiday Party Supply on May 1. The customer received the bill on May 15 and mailed a $2,000 cheque on May 28. Holiday received the cheque on May 30. In recording this transaction, Holiday should credit Sales Revenue for $2,000 on which of the following dates?


A) May 1.
B) May 15.
C) May 28.
D) May 30.

Correct Answer:

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