Maxie's Game World Sold Games to a Customer on Credit

question 79

Multiple Choice

Maxie's Game World sold games to a customer on credit for $2,600,terms 1/10,n/30 and the cost of the games was $1,700.When recording the sales transaction in its sales journal,Maxie's would enter:

• A)$1,700 in the Accounts Receivable Dr./Sales Cr.column and $2,600 in the Cost of Goods Sold Dr./Inventory Cr.column.
• B)$2,600 in the Accounts Receivable Dr./Sales Cr.column and $1,700 in the Accounts Payable Dr./Purchases Cr.column.
• C)$2,600 in the Accounts Receivable Dr./Sales Cr.column and $2,600 in the Cash Cr.column.
• D)$2,600 in the Accounts Receivable Dr./Sales Cr.column and $1,700 in the Cost of Goods Sold Dr./Inventory Cr.column.
• E)$1,700 in the Accounts Receivable Dr./Sales Cr.column and $2,600 in the Other Accounts column Dr.column.

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