Question $21$

Wildlife Wholesale Supply sold birdseed to a retailer for $$860,$ receiving cash at the the cost

the birdseed was $$370.$ When recording the collection from the customer, in its cash receipts journal, Wildlife

would enter:

$$860$ in the Accounts Receivable Dr$.$ column, $$860$ in the Cash Cr$.$ column; and $$370$ in the Cost of Goods Sold

Dr$./$Inventory Cr$.$ column.

$$860$ in the Cash Dr$.$ column; $$860$ in the Sales Cr$.$ column; and $$370$ in the Cost of Goods Sold Dr$./$Inventory Cr$.$ column.

$$370$ in the Cash Dr$.$ column and $$370$ in the Accounts Receivable Cr$.$ column.

$$860$ in the Cash Dr$.$ column; $$860$ in the Sales Cr$.$ column; and $$370$ in the Other Accounts Cr$.$ column.

$$860$ in the Cash Dr$.$ column and $$860$ in the Accounts Receivable Cr$.$ column.