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lidiya [134]
3 years ago
5

ASsume the following information:

Business
1 answer:
Dmitriy789 [7]3 years ago
8 0

Explanation:

The Journal entry is shown below:-

1. Accounts receivable Dr,           $938,000

     To Sales revenue                               $938,000

(Being Sales on account is recorded)

2. Cash Dr,                                     $915,000

     To accounts receivable                     $915,000

(Being collection of accounts receivable is recorded)

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