Answered: 19. The business collects cash of…

19. The business collects cash of $6,000 from customers who purchased goods on account.. Which account is credited? A. Cash B. Accounts Receivable C. Sales D. Capital

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter6: Cash And Receivables

Section: Chapter Questions

Problem 13GI

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Bookkeeping

Bookkeeping is the process of recording the financial transactions of a company on a regular basis. With the process of bookkeeping, companies can track important financial information that helps management in making crucial decisions.

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required: please answer this question by choosing the right options.

19. The business collects cash of $6,000 from customers who purchased goods on account.
Which account is credited?
A. Cash
B. Accounts Receivable
C. Sales
D. Capital

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