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Using a cash register tape as evidence that the transaction occurred is the concept
Historical Cost
Debit Accounts Receivable; Credit Sales and Sales Tax Payable
credit card sale
Debit Cash; Credit Sales and Sales Tax Payable
Objective Evidence
Debit Cash, Credit Accounts Receivable
customer
cash sale
A person or business to whom merchandise or services are sold is a (an)
Historical Cost
Debit Accounts Receivable; Credit Sales and Sales Tax Payable
credit card sale
Debit Cash; Credit Sales and Sales Tax Payable
Objective Evidence
Debit Cash, Credit Accounts Receivable
customer
cash sale
Recorded cash and credit card sales for the week.
Historical Cost
Debit Accounts Receivable; Credit Sales and Sales Tax Payable
credit card sale
Debit Cash; Credit Sales and Sales Tax Payable
Objective Evidence
Debit Cash, Credit Accounts Receivable
customer
cash sale
The concept that states that the actual amount paid for the merchandise is recorded
Historical Cost
Debit Accounts Receivable; Credit Sales and Sales Tax Payable
credit card sale
Debit Cash; Credit Sales and Sales Tax Payable
Objective Evidence
Debit Cash, Credit Accounts Receivable
customer
cash sale
Sold merchandise on account to Jane Smith.
Historical Cost
Debit Accounts Receivable; Credit Sales and Sales Tax Payable
credit card sale
Debit Cash; Credit Sales and Sales Tax Payable
Objective Evidence
Debit Cash, Credit Accounts Receivable
customer
cash sale
A sale in which a credit card is used for the total amount of the sale at the time of the transaction
Historical Cost
Debit Accounts Receivable; Credit Sales and Sales Tax Payable
credit card sale
Debit Cash; Credit Sales and Sales Tax Payable
Objective Evidence
Debit Cash, Credit Accounts Receivable
customer
cash sale
A sale in which cash is received for the total amount of the sale at the time of the transaction
Historical Cost
Debit Accounts Receivable; Credit Sales and Sales Tax Payable
credit card sale
Debit Cash; Credit Sales and Sales Tax Payable
Objective Evidence
Debit Cash, Credit Accounts Receivable
customer
cash sale
Received cash on account from Jane Smith
Historical Cost
Debit Accounts Receivable; Credit Sales and Sales Tax Payable
credit card sale
Debit Cash; Credit Sales and Sales Tax Payable
Objective Evidence
Debit Cash, Credit Accounts Receivable
customer
cash sale
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