What entry would blue make to record the sale of the machine for $30,250 cash?

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asked Apr 17, 2018 40.7k views

1 Answer

Echiban · Answer 1 · 2018-04-24T05:57:15+0000

An increase in cash would definitely placed in debit because it considered an asset and we need to place the increase of sales on the credit side.
So, in this case, the entry would be

Cash $ 30,250
Sales $ 30.250

What entry would blue make to record the sale of the machine for $30,250 cash?

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