You are the accountant for ABC Corportation and are asked to record a sale to...
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Accounting
You are the accountant for ABC Corportation and are asked to record a sale to a customer on 03/31/2019 for $600.00. The customer agrees to pay for the $600, 30 days after the sale.
ABC Corporation follows the accrual basis of accounting to record transaction.
Prepare the journal entry to record this transaction:
A) No entry will be recorded until the customer actually pays in 30 days.
B) Dr. Cash $600 and Cr. Sales $600
C) Dr. Sales $600 and Cr. Cash $600
D) Dr. Accounts Receivable $600 and Cr. Sales $600
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