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Over [174]
4 years ago
8

Mullis company sold merchandise on account to a customer for $625, terms n/30. the journal entry to record the collection on acc

ount would be:
Business
1 answer:
SOVA2 [1]4 years ago
4 0
Since the transaction was on account basis, the journal entry will be:

debit accounts receivable for $625
credit sales $625

the account title accounts receivable was used because the debtor didn't pay for the merchandise and the sales account was used because the company gain income from that transaction.
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Answer:1. Cost on warehouse of

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