Question

The journal entry required in 2018 to reflect the cash collection on customer accounts for goods...

The journal entry required in 2018 to reflect the cash collection on customer accounts for goods sold in 2017 on credit (on account), would be:

Group of answer choices

a) DR Accounts receivable and CR Cash

b)DR Cash and CR Sales revenue

c) DR Cash and CR Accounts receivable

d) DR Sales revenue and CR Cash

Business   Accounting   
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Answer #1

Correct option is (C):-DR cash and CR account receivable

Explanation:-

  

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