Question: Wellstar had $ 1 2 , 0 0 0 in earned sales in Year 1 , $ 8 , 0 0 0 of which the
Wellstar had $ in earned sales in Year $ of which the company collected in cash by the end of the year. Wellstar
recorded no journal entries related to the sale in Year The remaining $ was collected in Year at which point the
company recorded a journal entry debiting cash and crediting sales for $
The correct adjusting entry needed for Wellstar in Year will include a:
A Debit to cash of $
B Debit to cash of $
C Credit to sales of $
D Credit to sales of $
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