Azure Company sold merchandise on account to P. Parker for $150. Which of the following journal entries records this sales transaction for Azure Company? a. A debit to Accounts Receivable, P. Parker for $150 and a credit to Sales for $150 Ob. A debit to Cash for $150 and a credit to Sales for $150 Oc. A debit to Cash for $150 and a credit to Accounts Receivable, P. Parker for $150 Od. A debit to Sales for $150 and a credit to Accounts Receivable, P. Parker for $150

College Accounting, Chapters 1-27
23rd Edition
ISBN:9781337794756
Author:HEINTZ, James A.
Publisher:HEINTZ, James A.
Chapter10: Accounting For Sales And Cash Receipts
Section: Chapter Questions
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Azure Company sold merchandise on account to P. Parker for $150. Which of the following journal entries records this sales transaction for Azure Company?
a. A debit to Accounts Receivable, P. Parker for $150 and a credit to Sales for $150
Ob. A debit to Cash for $150 and a credit to Sales for $150
Oc. A debit to Cash for $150 and a credit to Accounts Receivable, P. Parker for $150
Od. A debit to Sales for $150 and a credit to Accounts Receivable, P. Parker for $150
Transcribed Image Text:Azure Company sold merchandise on account to P. Parker for $150. Which of the following journal entries records this sales transaction for Azure Company? a. A debit to Accounts Receivable, P. Parker for $150 and a credit to Sales for $150 Ob. A debit to Cash for $150 and a credit to Sales for $150 Oc. A debit to Cash for $150 and a credit to Accounts Receivable, P. Parker for $150 Od. A debit to Sales for $150 and a credit to Accounts Receivable, P. Parker for $150
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