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Adidea Corp. received $4,000 cash for merchandise sold, $1,200 cash for an accounts receivable payment, and $500 cash for a loan payment. How would the company record these tran…

Adidea Corp. received $4,000 cash for merchandise sold, $1,200 cash for an accounts receivable payment, and $500 cash for a loan payment. How would the company record these tran…
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Adidea Corp. received $4,000 cash for merchandise sold, $1,200 cash for an accounts receivable payment, and $500 cash for a loan payment. How would the company record these transactions in its cash receipt journal?

asked
User WawaBrother
by
7.5k points

2 Answers

5 votes

Answer:

a

Explanation:

answered
User Rick Baker
by
8.2k points
4 votes
Cash. Dr. 5700
To sales. 4000
ToAccounts receivable 1200
To loan payable. 500

Hope it helps
answered
User Kallada
by
8.3k points
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