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requirement 1. journalize the transactions (omit explanations) open t -…

Question

requirement 1. journalize the transactions (omit explanations) open t - accounts for accounts recelvable and allowance for bad debts using the september 30, 2025 balances post the transactions to the two t accounts begin by journalizing the transactions (record debits first, then credits exclude explanations from journal entries ) sales on account $410,000 ignore cost of goods sold

Explanation:

Step1: Analyze the accounts affected

When there is a sale on account, the Accounts Receivable (an asset account) increases and the Sales Revenue (a revenue account) increases.

Step2: Apply the debit - credit rules

Asset accounts increase with a debit. So, we debit Accounts Receivable. Revenue accounts increase with a credit. So, we credit Sales Revenue.

The journal entry is:

DateAccountsDebitCredit
Sales Revenue$410,000

Answer:

DateAccountsDebitCredit
Sales Revenue$410,000