On January 8, merchandise costing $1,200 was sold for $1,800, and the customer agreed to pay $1,800 within 30 days.

The first part of this transaction is that the business earned revenues of

$1,800, and an asset, Accounts Receivable , increased by $1,800. Record this part of the transaction by completing the blanks below.

Transcribed Image Text:

Dr. Cr. 1,800 1,800