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QUESTION 22 3. Bigelow Company sells goods to its customers in December 2009 for $150,000 with payment due in January 2010. If the company receives

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QUESTION 22 3. Bigelow Company sells goods to its customers in December 2009 for $150,000 with payment due in January 2010. If the company receives $150,000 from its customers in January 2010, then which of the following reflects how Bigelow will record the receipt of the cash? a. Debit cash for $150,000 and credit accounts receivable for $150,000. b. Debit cash for $150,000 and credit sales for $150,000. c. Debit accounts receivable for $150,000 and credit cash for $150,000 d. Debit cash for $150,000 and credit accounts payable for $150,000

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