Question
Maxie's Game World sold games to a customer on credit for $4,500, terms 2/10, n/30 and the cost of the games was $3,600. When recording
Maxie's Game World sold games to a customer on credit for $4,500, terms 2/10, n/30 and the cost of the games was $3,600. When recording the sales transaction in its sales journal, Maxies would enter: Multiple Choice $3,600 in the Accounts Receivable Dr./Sales Cr. column and $4,500 in the Cost of Goods Sold Dr./Inventory Cr.column. $4,500 in the Accounts Receivable Dr./Sales Cr. column and $3,600 in the Accounts Payable Dr./Purchases Cr. column. $4,500 in the Accounts Receivable Dr./Sales Cr. column and $4,500 in the Cash Cr. column. $4,500 in the Accounts Receivable Dr./Sales Cr. column and $3,600 in the Cost of Goods Sold Dr./Inventory Cr. column. $3,600 in the Accounts Receivable Dr./Sales Cr. column and $4,500 in the Other Accounts Dr. column.
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