Selling products for cash $300 and $700 on credit. Show the general journal entry to record this transaction.
a. Debit Cash $ 300
Debit Account Receivable $700
Credit Revenue $1,000
b. Debit Cash $300
Debit Account Payable $700
Credit Revenue $1,000
c. Debit Account Receivable $700
Credit Unearned Revenue $700
d. Debit Unearned Revenue $700
Credit Account Receivable $700
e. Debit Cash $ 700
Credit Revenue $700
Answer: A
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