Question: Black Systems sold and delivered modems to White Computers for $330.000 to be paid by White in three equal installments over the next three months.

Black Systems sold and delivered modems to White Computers for $330.000 to be paid by White in three equal installments over the next three months. The journal entry made by Black Systems to record this transaction will include:
a. A debit to Sales Revenue for $330,000.
b. A debit to Accounts Receivable for $330.000.
c. A debit to Accounts Receivable for $110,000.
d. A debit to Cash Paid for $330,000.

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