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scoray [572]
2 years ago
11

he journal entry to record $5.6 million in sales on account includes a ______. (Select all that apply.) Multiple select question

. credit to Sales Revenue of $5.6 million credit to Accounts Payable for $5.6 million debit to Cash of $5.6 million debit to Accounts Receivable of $5.6 million debit to Allowance for Doubtful Accounts of $5.6 million
Business
1 answer:
Anarel [89]2 years ago
8 0

<em>The journal entry to record $5.6 million in sales on account includes a </em><em>credit to Sales Revenue of $5.6 million and debit to Accounts Receivable of $5.6 million.</em>

<h3>What does journal entry mean?</h3>

A journal entry is a record of a business's financial transactions kept in its accounting books. An accurate date, the sums to be debited and credited, a description of the transaction, and a special reference number are all components of a properly documented journal entry. The accounting cycle begins with a journal entry.

<h3>What is an example of a journal entry?</h3>

A purchase of machinery by a nation, where the cash account will be credited and the machinery account debited, is an example of a journal entry.

learn more about journal entry here <u>brainly.com/question/26446159</u>

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Has a government monopoly in home mail delivery, but several private companies, such as fedex, ups, and dhl, compete with:____.
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Has a government monopoly in home mail delivery, but several private companies, such as FedEx, ups, and DHL, compete with <u>USPS</u>.

The government affords public offerings just like the railways. subsequently, they are a monopolist due to the fact new companions or privately held groups aren't allowed to run railways. but, the fee of the tickets is affordable so most people can use public shipping.

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