Given the following accounts:
[1] Cash
[2] Notes receivable
[3] Accounts receivable
[4] Interest receivable
[5] Notes payable
[6] Accounts payable
[7] Interest payable
[8] Discount on notes payable
[9] Interest expense
[10] Interest income
[11] Sales
Indicate the account(s) to be debited and credited to record the following transactions.
-Sold merchandise on account.
Debit ________ & ________ Credit ________ & ________

Question

Given the following accounts:
[1]	Cash
[2]	Notes receivable
[3]	Accounts receivable
[4]	Interest receivable
[5]	Notes payable
[6]	Accounts payable
[7]	Interest payable
[8]	Discount on notes payable
[9] 	Interest expense
[10]	Interest income
[11]	Sales
Indicate the account(s) to be debited and credited to record the following transactions.
-Sold merchandise on account.
Debit ________ & ________ Credit ________ & ________

Quizplus · Accepted Answer

The Answer of Given the following accounts:
[1]	Cash
[2]	Notes receivable
[3]	Accounts receivable
[4]	Interest receivable
[5]	Notes payable
[6]	Accounts payable
[7]	Interest payable
[8]	Discount on notes payable
[9] 	Interest expense
[10]	Interest income
[11]	Sales
Indicate the account(s) to be debited and credited to record the following transactions.
-Sold merchandise on account.
Debit ________ & ________ Credit ________ & ________

Given the Following Accounts