Question 1

Q1: what is the credit side if the Sold goods to customer cash

Accepted Answer

Sales

Answer

Cash

Answer

Supplies

Answer

Equipment

Question 2

Q2: what is the debit side and credit side if purchase goods on credit.

Accepted Answer

Debit Merchandise inventory Credit Account payable

Answer

Debit Cash Credit Machine

Answer

Debit Merchandise inventory Credit Cash

Answer

Debit Machine  Credit Account Recivable

Question 3

Q3: Sold goods on Credit what is the entry?

Accepted Answer

Debit Account Receivable  Credit Sales

Answer

Debit Account Receivable  Credit Cash

Answer

Debit Account Payable Credit Cash

Answer

Debit Account Payable Credit Sales

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