Marris Company records a $1,000.00 sale on account on May 23. On June 6, the customer pays the account. The sale should be recorded in the (A) sales journal on May 23. (B) cash receipts journal on May 23. (C) sales journal on June 6. (D) cash receipts journal on June 6.

Respuesta :

A sales journal on May 23 should be recorded by Marris Company indicating a credit sales transaction has taken place. Thus, Option A is the correct statement.

What do you mean by Sales journal?

A sales journal is a specialized financial journal and is the main source of income used in the accounting system to track the purchases of customers' purchases by billing receipts on the side of the receivable account and crediting revenue on the credit side.

Thus, Option A is the correct statement.

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