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When a sale is made on account, Sales Revenue is debited O True O False Refer to the following trial balance. Debit Credit Cash $9,000
When a sale is made on account, Sales Revenue is debited O True O False Refer to the following trial balance. Debit Credit Cash $9,000 Accounts Receivable 15,000 Inventory 20,000 Supplies 4,000 Land 120,000 Accounts Payable S6,000 Notes Payable 22,000 Common Stock 81,000 Retained Earnings 9,000 Dividends 3,000 Sales Revenue 182,000 Sales Discounts Forfeited 5,000 Cost of Goods Sold 14,000 Delivery Expense 8,000 Salaries Expense 5,000 Utilities Expense 23,000 Rent Expense 20,000 Interest Expense 1,000 Totals $305,000 $305,000 What is the total other income and expenses) on a multi - step income statement? O A. $6,000 OB. $(6,000) O C. $4,000 OD. $(4,000)
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