TRANSACTION ANALYSIS: Below are selected business transaction that occurred during 2018 for Reading Railroad Construction Company. Reading Railroad sells replaceme parts and railroad cars in the transportation industry. Please record the following journal entries. Note: Journal entries that share the same number (1A,1B,1C, etc.) are related to each other. Q25. Transaction 1A. Reading Railroad sold products during the year for $10,000 cash and $5,000 on account (collection is expected within 30 days). The transaction to record the sale: A. Debit: Cash $10,000 Debit: Sales Revenue $5,000; Credit: Unearned Revenue $15,000. B. Debit Cash $10,000 Debit: Acct Payable $5,000; Credit: Sales Revenue $15,000. C. Debit: Sales Revenue $15,000; Credit: Cash $10,000; Credit: Acct Receivable $5,000. D. Debit: Cash $10,000; Debit: Acct Receivable $5,000; Credit: Sales Revenue $15,000. QUESTION 26 TRANSACTION ANALYSIS: Below are selected business transaction that occurred during 2018 for Reading Railroad Construction Company. Reading Railroad sells replaceme parts and railroad cars in the transportation industry. Please record the following journal entries. Note: Journal entries that share the same number (1A, 1B,1C, etc.) are related to each other. Q26. Transaction 1B. The cost of the merchandise sold in the above transaction was $5,300. The transaction to record the cost of the merchandise sold should be: A. Debit Cash; Credit: Cost of Goods Sold. B. Debit: Retained Earnings; Credit: Cost of Goods Sold. C. Debit: Cost of Goods Sold; Credit: Inventory. D. Debit Cost of Goods Sold; Credit: Sales Revenue