just pens sold office supplies to sunny day preschool for $25 cash. the journal entry for just pens to…

just pens sold office supplies to sunny day preschool for $25 cash. the journal entry for just pens to record this transaction is: o a. debit cash, $25; credit sales, $25. o b. debit accounts receivable/sunny day preschool, $25; credit sales $25. o c. debit accounts receivable/sunny day preschool, $25; credit cash, $25. o d. debit cash, $25; credit accounts receivable/sunny day preschool, $25.

just pens sold office supplies to sunny day preschool for $25 cash. the journal entry for just pens to record this transaction is: o a. debit cash, $25; credit sales, $25. o b. debit accounts receivable/sunny day preschool, $25; credit sales $25. o c. debit accounts receivable/sunny day preschool, $25; credit cash, $25. o d. debit cash, $25; credit accounts receivable/sunny day preschool, $25.

Answer

Brief Explanations:

When a company sells goods for cash, cash (an asset) increases (debit) and sales (revenue) increases (credit). Since Just Pens received $25 cash for the sale of office - supplies, we debit Cash for $25 and credit Sales for $25.

Answer:

A. debit Cash, $25; credit Sales, $25.