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Mullis Company sold merchandise on account to a customer for $925, terms n/30. The journal...

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Question

Accounting

Mullis Company sold merchandise on account to a customer for $925, terms n/30. The journal entry to record this sale transaction would be:

Multiple Choice

  • Debit Cash of $925 and credit Sales $925.

  • Debit Cash of $925 and credit Accounts Receivable $925.

  • Debit Accounts Receivable $925 and credit Sales $925.

  • Debit Accounts Receivable $925 and credit Cash $925.

  • Debit Sales $925 and credit Accounts Receivable $925.

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