Register

A company collects $500 from a credit customer for an outstanding balance. This transaction would be journalized with a debit to the ____ account and a credit to the ____account…

A company collects $500 from a credit customer for an outstanding balance. This transaction would be journalized with a debit to the ____ account and a credit to the ____account…
asked 156k views
1 vote
A company collects $500 from a credit customer for an outstanding balance. This transaction would be journalized with a debit to the ____ account and a credit to the ____account.

asked
User Shafqat Jamil Khan
by
7.6k points

1 Answer

3 votes

Answer:

Blank 1: cash

Blank 2: accounts

Blank 3: receivable

Step-by-step explanation:

answered
User Alican Balik
by
8.5k points
← Prev Question Next Question →

Related questions

Ask a Question
Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.

Categories

Other Questions

Who was Adam Smith ? Anybody?
In what way did the GI Bill contribute to the growth of professional and white-collar jobs ? A.by providing US laborers with new job-training programs B.by giving US veterans assistance to purchase a new
What is the best way to describe a stock market?
Link Copied!