Beachside Coffee Shop, in an Effort to Stream Line Its

question 87

Multiple Choice

Beachside Coffee Shop, in an effort to stream line its accounting system, has decided to utilize a Cash Receipts Journal in its operation. If the company is to record the cash sale of food for $18 which is the correct entry?

• A) Cash Cr. $18, Food Revenue Dr. $18,
• B) Cash Dr. $18, Food Revenue Dr. $18
• C) Cash Dr. $18, Food Revenue Cr. $18
• D) Cash Cr. $18, Food Revenue Cr. $18

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