Business, 09.10.2019 19:50 Multidewi3540

Acompany received cash sales of $15000. they also collected $43000 in receivables during the same month.

1. what is the journal entry for the collection of receivables?
a. debit expense and credit cash
b. credit expense and debit cash
c. debit cash and credit accounts receivable
d. debit account receivable and debit cash

2. what is the journal entry for the collection of sales?
a. debit sales and credit expense
b. credit sales and debit expense
c. debit sales and credit cash
d. debit cash and credit sales

3. if the sales received were all made by credit cards with a fee of 1.25%, what would be the journal entry for cash?
a. 187.50 credit
b. 187.50 debit
c. 14,821 credit
d. 14,821 debit

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Acompany received cash sales of $15000. they also collected $43000 in receivables during the same mo...

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