Mullis Company sold merchandise on account to a customer for $1025, terms n/30. The journal entry to record this sale transaction would be:
A. Debit Cash of $1025 and credit Sales $1025.
B. Debit Cash of $1025 and credit Accounts Receivable $1025.
C. Debit Accounts Receivable $1025 and credit Cash $1025.
D. Debit Sales $1025 and credit Accounts Receivable $1025.
E. Debit Accounts Receivable $1025 and credit Sales $1025.
Answer: E
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