zanayakjones zanayakjones
  • 13-01-2021
  • Business
contestada

July 25, Andrews Promoters received $4,500 in revenue from cash ticket sales.
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What accounts are affected ?

Respuesta :

Samawati
Samawati Samawati
  • 13-01-2021

Answer:

  1. Cash account
  2. Revenue Account

Explanation:

The tickets are sold on a cash basis. The transaction resulted in an increase in cash to the business. Therefore, the cash account will be affected. An increase in cash is debited to the cash account. $4500 will be debited

The transaction involved the selling of tickets, which is a business activity that generated revenue. The sales or revenue account will be affected. The revenue will increase by $4500. An increase in revenue is credited.

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