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When a sale of merchandise is on account, which entry should be made? a. Debit cash and credit sales.. b. Debit accounts receivable and credit
When a sale of merchandise is on account, which entry should be made?
| a. | Debit cash and credit sales.. | |
| b. | Debit accounts receivable and credit sales. | |
| c. | Debit accounts payable and credit income. | |
| d. | Debit retained earnings and credit sales. |
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Introduction to Managerial Accounting
Authors: Peter C. Brewer, Ray H Garrison, Eric Noreen
8th edition
1259917061, 978-1259917066
