Identify the correct journal entry when cash is received from customers - periodic inventory system а. Dr Cash Accounts payable Cr O b. Dr Accounts payable Cash Cr С. Dr Cash Accounts Receivables Cr O d. Dr Accounts Receivables Cash Cr

Identify the correct journal entry when cash is received from customers - periodic inventory system а. Dr Cash Accounts payable Cr O b. Dr Accounts payable Cash Cr С. Dr Cash Accounts Receivables Cr O d. Dr Accounts Receivables Cash Cr

College Accounting, Chapters 1-27

23rd Edition

ISBN:9781337794756

Author:HEINTZ, James A.

Publisher:HEINTZ, James A.

Chapter11: Accounting For Purchases And Cash Payments

Section: Chapter Questions

Problem 3CE

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Question

Q24

Identify the correct journal entry when cash
is received from customers - periodic
inventory system
а.
Dr Cash
Accounts payable Cr
O b.
Dr Accounts payable
Cash Cr
O c.
С.
Dr Cash
Accounts Receivables Cr
d.
Dr Accounts Receivables
Cash Cr

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