Black Systems sold and delivered modems to White Computers for $330.000 to be paid by White in
Question:
a. A debit to Sales Revenue for $330,000.
b. A debit to Accounts Receivable for $330.000.
c. A debit to Accounts Receivable for $110,000.
d. A debit to Cash Paid for $330,000.
Accounts Receivable
Accounts receivables are debts owed to your company, usually from sales on credit. Accounts receivable is business asset, the sum of the money owed to you by customers who haven’t paid.The standard procedure in business-to-business sales is that...
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Related Book For
Fundamental financial accounting concepts
ISBN: 978-0078025365
8th edition
Authors: Thomas P. Edmonds, Frances M. Mcnair, Philip R. Olds, Edward
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