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