Final answer:
The question pertains to Business, particularly accounting, involving the recording of a company's daily cash food sales in T-accounts. The correct entry is to debit Cash and credit Sales for $750, accurately reflecting increased cash and sales revenue.
Step-by-step explanation:
The subject of this question is Business, specifically focusing on the accounting aspect of recording sales transactions through T-accounts. When a company like ABC records cash food sales of $750 for the day, the T-account booking would impact two accounts: Cash and Sales. The entry would involve debiting the Cash account and crediting the Sales account to reflect the increase in cash and recorded sales revenue for the company.
Step-by-Step T-account Entry:
Debit the Cash account by $750 to increase the cash balance, reflecting the receipt of cash from customers.
Credit the Sales account by $750 to increase the sales revenue, reflecting the income generated from food sales for the day.
These journal entries effectively capture the company's daily cash sales and ensure the financial records accurately represent the business's transactions.