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On Jan 10, a business collected a $2,200 payment from a customer who had purchased merchandise on account. What journal entry is needed on that
On Jan 10, a business collected a $2,200 payment from a customer who had purchased merchandise on account. What journal entry is needed on that date?
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Debit Accounts Receivable for $2,200 and credit Revenue for $2,200.
Debit Accounts Payable for $2,200 and credit Revenue for $2,200.
Debit Cash for $2,200 and credit Revenue for $2,200.
Debit Cash for $2,200 and credit Accounts Receivable for $2,200.
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