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Wilshire Equipment Company sold merchandise on credit. No discounts were offered. The proper journal entry to record this sale would be: Debit Sales, and Credit
Wilshire Equipment Company sold merchandise on credit. No discounts were offered. The proper journal entry to record this sale would be:
| Debit Sales, and Credit Accounts Receivable |
| None of these. |
| Debit Accounts Receivable and Credit Sales |
| Debit Accounts Receivable, and Credit Purchases (or Inventory) |
| Debit Cash, and Credit Accounts Receivable. |
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Corporate Financial Strategy
Authors: Ruth Bender
4th Edition
1136181105, 9781136181108
