Question 1

Q1: what is the entries if the company sold goods cash ?

Accepted Answer

Debit . cash Credit . sales

Answer

Debit . sales Credit . cash

Answer

Debit . sales Credit . Account payable

Answer

Debit . sales Credit . Account receivable

Question 2

Q2 : sold goods to customer on credit

Accepted Answer

Debit . Account receivable Credit . sales

Answer

Debit . sales returned Credit . cash

Answer

Debit . cash Credit . sales

Answer

Debit . sales Credit . Account receivable

Question 3

Q3: if the company returned the goods by cash what is the entire ?

Accepted Answer

Debit . sales returns Credit . cash

Answer

Debit . Account receivable Credit . sales returns

Answer

Debit . Account receivable Credit . cash

Answer

Debit . cash Credit . sales returns

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