100 points MC Oou 1e1 On Ocsber Robertsm Compnsds sold invertory in the amout of

Question

100 points MC Oou 1e1 On Ocsber Robertsm Compnsds sold invertory in the amout of $5,800 to Aberta, nc with credit terms of 210 n/30 The coset of the tems sold $4,000 Robetson uses Robenson on October 1 isjare O Debit Sales Revence and coredit Accounts Recervable for $5,800 O Debit Sales Revenue and O Debt Accounts Recevable and credt Sales Revenue for $5,800 credt Accounts Recevable for $5.800, debt Cost of Goods Sold and credit Inventory for $4000 Debt Accounts Receivable and creds Sales Revenue for $5%,800. Debin Cost of Goods Soled and credt Inventory for $4,000 References Mutiple Choice MC Qu 181 On Ocsober 1 Robertson Company

Explanation / Answer

Option D is correct.

Date Account Debit Credit October 1 Accounts Receivable $5,800   Sales Revenue $5,800 October 1 Cost of Good Sold $4,000   Inventory $4,000

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