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On November 2, 2016, Yakima Company has cash sales of $7,000 from merchandise having a...

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Accounting

On November 2, 2016, Yakima Company has cash sales of $7,000 from merchandise having a cost of $3,900. The entries to record the days cash sales will include:

Select one:

a. a $7,000 debit to Accounts Receivable.

b. a $7,000 credit to Cash.

c. a $3,900 credit to Inventory.

d. a $3,900 credit to Cost of Goods Sold.

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