19. Annie's Fitness sells a set of free weights to a customer for $1,000. The customer pays $600 in cash and puts the re

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19 Annie S Fitness Sells A Set Of Free Weights To A Customer For 1 000 The Customer Pays 600 In Cash And Puts The Re 1 (22.83 KiB) Viewed 79 times

19. Annie's Fitness sells a set of free weights to a customer for $1,000. The customer pays $600 in cash and puts the rest on her store credit account. Which one of the following statements describes the most appropriate accounting for the transaction? Debit cash $600; debit accounts receivable $400; credit cost of good sold $1000 Debit cash $600; debit accounts receivable $400; credit revenues $1,000 Debit revenues $1,000; credit cash $600; credit accounts receivable $400 Debit cash $600; debit accounts receivable $400; credit inventory $1,000 @ @ @