Mullis Company sold merchandise on account to a customer for $925, terms n/30. The journal entry to record this sale transaction would be:
Multiple Choice
Debit Cash of $925 and credit Sales $925.
Debit Cash of $925 and credit Accounts Receivable $925.
Debit Accounts Receivable $925 and credit Sales $925.
Debit Accounts Receivable $925 and credit Cash $925.
Debit Sales $925 and credit Accounts Receivable $925.
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