You are the accounting clerk for a plumber. You review the April 25 daily sales...
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Accounting
You are the accounting clerk for a plumber. You review the April 25 daily sales invoices amounting to $675, of which $300 was received and the remainder was on account. How would this transaction be recorded in the journal?
a. Debit Cash, $300; debit Accounts Payable, $375; and credit Sales, $675
b. Debit Cash, $375; debit Accounts Receivable, $300; and credit Sales, $675
c. Debit Cash, $300; debit Accounts Receivable, $375; and credit Sales, $675
d. Debit Sales, $675; credit Accounts Payable, $375; and credit Cash, $300
recorded in the journal? a. Debit Cash, $300; debit Accounts Payable, $375; and credit Sales, $675 b. Debit Cash, $375; debit Accounts Receivable, $300; and credit Sales, $675 c. Debit Cash, $300; debit Accounts Receivable, $375; and credit Sales, $675 d. Debit Sales, $675; credit Accounts Payable, $375; and credit Cash, $300
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