Date Accounts and Explanation Debit Credit Accounts Receivable 24,000 a. Sales Revenue 24,000 Cost of Goods Sold 13,440 Merchandise Inventory 13,440 b. Accounts Receivable 24,360 Sales Revenue 24,000 Unearned Revenue 360 Cost of Goods Sold 13,440 Merchandise Inventory 13,440 Accounts Receivable 24,000 c. Sales Revenue 23,640 Service Revenue 360 Cost of Goods Sold 13,440 Merchandise Inventory 13,440 d. Accounts Receivable 24,000 Sales Revenue 23,640 Unearned Revenue 360 Cost of Goods Sold 13,440 Merchandise Inventory 13,440

Date Accounts and Explanation Debit Credit Accounts Receivable 24,000 a. Sales Revenue 24,000 Cost of Goods Sold 13,440 Merchandise Inventory 13,440 b. Accounts Receivable 24,360 Sales Revenue 24,000 Unearned Revenue 360 Cost of Goods Sold 13,440 Merchandise Inventory 13,440 Accounts Receivable 24,000 c. Sales Revenue 23,640 Service Revenue 360 Cost of Goods Sold 13,440 Merchandise Inventory 13,440 d. Accounts Receivable 24,000 Sales Revenue 23,640 Unearned Revenue 360 Cost of Goods Sold 13,440 Merchandise Inventory 13,440

Quickbooks Online Accounting

3rd Edition

ISBN:9780357391693

Author:Owen

Publisher:Owen

Chapter5: Operating Activities: Purchases And Cash Payments

Section: Chapter Questions

Problem 1.7C

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