(Answered)-Wilshire Equipment Company sold merchandise on credit. No - (2025 Updated Original AI-Free Solution
Question
Wilshire Equipment Company sold merchandise on credit.? No discounts were offered.? The proper journal entry to record this sale would be:
| Debit Sales, and Credit Accounts Receivable |
| None of these. |
| Debit Accounts Receivable and Credit Sales |
| Debit Accounts Receivable, and Credit Purchases (or Inventory) |
| Debit Cash, and Credit Accounts Receivable. |