Question

Messing Company has their own credit card and makes a credit sale on February 1 to one of its customers for $5,000. Prepare the February 1 journal entry for Messing Company by selecting the account names from the drop-down menus and entering the dollar amounts in the debit or credit columns.

Answer 1

February 1

DR Accounts Receivable.......................................$5,000

CR Sales........................................................................................$5,000

(To record sales on credit)

The credit card was that of Messing company itself.