1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Readme [11.4K]
3 years ago
5

What is the journal entry for the collection of sales?

English
1 answer:
elena55 [62]3 years ago
5 0

Answer:

The answer is letter D, Debit Cash and Credit Sales.

Explanation:

Sales Journal Entry- this is considered as an entry in the sales journal in order to record a credit sale of inventory. This consists of selling an inventory on credit, thus it affects four accounts namely, <em>the accounts receivable, revenue account, inventory and cost of goods. </em>

A typical sales journal entry will debit the account receivable for the sales price (cash) and credit the revenue account for the sales price. The cost of good will reflect the debited amount that the company paid for the inventory (cash). In the same way, the Inventory will be credited for the same price.

In a sales journal entry, the debit side (left side) will show cash while the credit side (right side) will show the sales.

<em></em>

You might be interested in
Read the passage from Eleanor Roosevelt’s speech on the adoption of the Universal Declaration of Human Rights. In conclusion, I
tatuchka [14]

Answer:

to persuade the General Assembly to pass the UDHR during the current session

Explanation:

In the passage, Eleanor Roosevelt urges the General Assembly to pass the Universal Declaration of Human Rights in that very same session: "<em>Let this third regular session of the General Assembly approve by an overwhelming majority the Declaration of Human Rights</em>." In that matter, she reinforces what Secretary Marshall has said, and encourages the Assembly to work under "high standards" in spite of its flaws.

7 0
3 years ago
Why did the reporter tell Larry that both of them were ‘wonderful’?​
bagirrra123 [75]

Answer:

idk-

Explanation:

3 0
3 years ago
Which piece of evidence in "Immigration and Ellis Island" supports the opinion that Europeans came to the United States primaril
olga2289 [7]

Answer:

The author uses as evidence the fact that many immigrants were fleeing poverty in their countries of origin, which presented few job opportunities, unlike the USA.

Explanation:

"Immigration and Ellis Island" shows how, despite the fact that many immigrants in the USA were looking for a way to exercise their religions without suffering persecution, most of them were fleeing poverty and saw in the USA a way to improve their economic conditions. This is because their countries of origin, most of them located in eastern and southern Europe, presented few job opportunities, leaving many of them in a situation of misery. However, the USA had high industrialization and employment opportunities.

5 0
2 years ago
GIVING BRAINLEST!! Media analysis can be best described as:
Marysya12 [62]
The answer is A. so yeah
4 0
2 years ago
Which of the following is a characteristic of making good decisions?
Nikolay [14]

D) Carefully analyzing the decision

4 0
3 years ago
Other questions:
  • Women of Adamant, fair neophytes— Who thirst for such instruction as we give, Attend, while I unfold a parable. The elephant is
    9·2 answers
  • Question 2 of 20
    10·1 answer
  • Removed....................................
    13·1 answer
  • a student has been found guilty of Plagiarizinganother person's work what type of discipline might this student be facing?
    8·1 answer
  • True or false . Did bugs scare bud by jumping on him where he lays sleeping under the Christy mass tree near the library
    6·1 answer
  • Can you lend me a hand with this heavy box?
    9·1 answer
  • The role of the nurse in the deaths of Romeo and Juliet thesis statement
    9·1 answer
  • Which line of text is dialogue in a play?
    9·2 answers
  • If you wrote an essay about a poem, which would be an appropriate thesis
    7·2 answers
  • Words in a sentence or passage that help you understand a word you don't know are called
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!