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3 years ago

Rubin Enterprises had the following sales-related transactions on a recent day:

Business

1 answer:

spayn [35]3 years ago

8 0

Answer:

Transaction a

Debit : Account Receivable $27,500

Credit : Sales Revenue $27,500

Transaction b

Debit : Cash $5,875

Credit : Deferred Revenue $5,875

Transaction c

Debit : Sales Revenue $1,500

Credit : Account Receivable $1,500

Transaction d

Debit : Deferred Revenue $5,875

Credit : Sales Revenue $5,525

Credit : Discount received $350

Explanation:

The journals have been prepared above.

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