QUESTION7 ESG company sold merchandise for $4,000 cash, which has a cost basis of $2,000. The journal entry to record this transaction indudes O Dr. to accounts receivable and Cr. to sales; $2,000 Dr. to cash and Cr. to sales; $4,000 Dr. to cash and Cr. to sales; $2,000 Dr. to accounts receivable and Cr. to sales; $4,000 QUESTION 8 Hawk Company establishes a $350 petty cash fund on September 9. The journal entry to establish the fund is: Dr petty cash expense account and Cr petty cash account; 350 Dr petty cash account and Cr cash account; 350 Dr petty cash account and Cr petty cash expense account; 350 O Dr cash account and Cr petty cash account; 350 Click Save All Answers to save all answers. it

QUESTION7 ESG company sold merchandise for $4,000 cash, which has a cost basis of $2,000. The journal entry to record this transaction indudes O Dr. to accounts receivable and Cr. to sales; $2,000 Dr. to cash and Cr. to sales; $4,000 Dr. to cash and Cr. to sales; $2,000 Dr. to accounts receivable and Cr. to sales; $4,000 QUESTION 8 Hawk Company establishes a $350 petty cash fund on September 9. The journal entry to establish the fund is: Dr petty cash expense account and Cr petty cash account; 350 Dr petty cash account and Cr cash account; 350 Dr petty cash account and Cr petty cash expense account; 350 O Dr cash account and Cr petty cash account; 350 Click Save All Answers to save all answers. it

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Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter7: Accounting Information Systems

Section: Chapter Questions

Problem 17MC: Sold goods for $650, credit terms net 30 days. Which journal would the company use to record this...

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Sold goods for $650, credit terms net 30 days. Which journal would the company use to record this transaction? A. sales journal B. purchases journal C. cash receipts journal D. cash disbursements journal E. general journal
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