Belly Ltd sold goods to Andrews LTD for $ 1000. Andrews ltd paid the account 28 days

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Belly Ltd sold goods to Andrews LTD for $ 1000. Andrews ltd paid the account 28 days later. Ignoring GST, the correct entry in Balley ltd's books to record the payment by Andrews Ltd is.

a. DR Accounts receivable $1000, CR Equity $1000

b. DR Cash at Bank $1000; CR Accounts Receivable $1000

c. DR Cash at Bank $1000; CR sales $1000

d. DR Accounts Receivable $1000; CR Sales $1000

Related Book For answer-question

Accounting

ISBN: 978-1118608227

9th edition

Authors: Lew Edwards, John Medlin, Keryn Chalmers, Andreas Hellmann, Claire Beattie, Jodie Maxfield, John Hoggett

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Posted Date: Nov 01, 2023 09:23 AM

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Belly Ltd sold goods to Andrews LTD for $ 1000. Andrews ltd paid the account 28 days

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