Intermediate Accounting 14th Edition

Published by Wiley
ISBN 10: 0470587237
ISBN 13: 978-0-47058-723-2

Chapter 3 - The Accounting Information System - Questions - Page 132: 3a

Answer

Credit sales revenue account and debit accounts receivable

Work Step by Step

Charging the sales revenue account shows that a sale has been executed for the stated amount while the account receivable confirms we received the stated amount.
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