Recording Sales

On January 10, 2013 Shehgarlynn Mini Mart, total sales of merchandise amounting of $13,000; the cashier count the total cash receipt amounting of $10,500, and the rest of sales on account.

Journal Entry:

Jan. 10, 2013   Cash ...........................              $10,500
                               Accounts Receivable ......             2,500
                                   Sales .................................                    $13,000
                                To record the merchandise sold for the day.

                                                       Or


Jan. 10, 2013   Cash .............................     $10,500
                                  Sales ...................................             $10,500
                                To record the merchandise sold for cash

                              Account Receivable - Credit Card ........  $2,500
                                Sales ..................................................                  $2,500
                               To record the merchandise sold on credit.