On June 30, Parrott Company sold goods for $800 on account. The journal entry to record the recognition of revenue would include a. a credit to sales revenue of $800. b. a credit to accounts receivable of $800. c .a debit to cash of $800. d. a debit to sales revenue of $800.

On June 30, Parrott Company sold goods for $800 on account. The journal entry to record the recognition of revenue would include a. a credit to sales revenue of $800. b. a credit to accounts receivable of $800. c .a debit to cash of $800. d. a debit to sales revenue of $800.

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter7: Accounting Information Systems

Section: Chapter Questions

Problem 12MC: On January 1, Incredible Infants sold goods to Babies Inc. for $1,540, terms 30 days, and received...

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