On November 1, 2022, Colette Corporation sold merchandise on credit to customer Leonard. On November 12, 2022, Colette Corporation received payment from customer Leonard. What are the accounts involved in the November 12th journal entry? a debit to cash and a credit to sales expense. a debit to cash and a credit to accounts receivable. a debit to accounts payable and a credit to inventory. a debit to sales revenue and a credit to cash. Previous Page Next Page Page 24 of 50

On November 1, 2022, Colette Corporation sold merchandise on credit to customer Leonard. On November 12, 2022, Colette Corporation received payment from customer Leonard. What are the accounts involved in the November 12 th journal entry? a debit to cash and a credit to sales expense. a debit to cash and a credit to accounts receivable. a debit to accounts payable and a credit to inventory. a debit to sales revenue and a credit to cash