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On September 4, 2020, a customer at Home and Hardware purchased $1,280 of lumber to...

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Accounting

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On September 4, 2020, a customer at Home and Hardware purchased $1,280 of lumber to build a deck. They paid $280 with cash and put the remaining amount on account. If the transaction was recorded on September 5, 2020, what is the correct journal entry for this transaction? Sept. 4, 2020 Cash 280 Accounts Receivable 1,000 Sales Revenue 1,280 O Sept. 5, 2020 Cash 101 280 Accounts Receivable 112 1,000 Sales Revenue 400 1,280 (Sold Products for Cash or On Account) O Sept. 4, 2020 Cash 280 Accounts Receivable 1,000 Sales Revenue 1,280 (Sold Products for Cash or On Account) O Sept. 5, 2020 Cash 280 Accounts Receivable 1,000 Sales Revenue 1,280 (Sold Products for Cash and On Account)

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