Use the following information for multiple choice questions 12. Burgundy Corp. sold jazz flutes to a customer for $3,000 on circuit on January 1. The customer paid Burgundy Corp the amount due on February 1. Under the accrual basis of accounting, how should Burgundy Corp, record the February 1 transaction? Debit to Cash a credit to Sales Revenue Debit to Cash and a credit to Accounts Receivable Debit to Sales Revenue and a credit to Cash Debit to cash and a credit to Accounts Payable Which of the following financial statements is for one date day in time? Statement of retained earnings Income statement balance sheet statement of cash flows