Wildlife Wholesale Supply sold birdseed to a retailer for $1,660, receiving cash at the time of sale. The cost of the birdseed was $1,170. When recording the collection from the customer, in its cash receipts journal, Wildlife would enter:

Multiple Choice

• $1,660 in the Cash Dr. column and $1,660 in the Accounts Receivable Cr. column.

• $1,170 in the Cash Dr. column and $1,170 in the Accounts Receivable Cr. column.

• $1,660 in the Cash Dr. column; $1,660 in the Sales Cr. column; and $1,170 in the Other Accounts Cr. column.

• $1,660 in the Accounts Receivable Dr. column, $1,660 in the Cash Cr. column; and $1,170 in the Cost of Goods Sold Dr./Inventory Cr. column.

• $1,660 in the Cash Dr. column; $1,660 in the Sales Cr. column; and $1,170 in the Cost of Goods Sold Dr./Inventory Cr. column.