how-would-you-journalize-the-sale-of-yacht-b-for-800000-with-half-paid-in-cash-a

Question

How would you journalize the sale of yacht B for $800,000, with half paid in cash and half on account?

Accepted Answer

Debit Cash $$400,000; Debit Accounts Receivable 400$$,000; Credit Revenue $800,000

Answer

Debit Cash $$400,000; Credit Accounts Receivable 400$$,000; Credit Revenue $0

Answer

Debit Accounts Receivable $$800,000; Credit Revenue 800$$,000; Credit Cash $0

Answer

Debit Cash $$800,000; Credit Revenue 800$$,000; Credit Accounts Receivable $0

How would you journalize the sale of yacht B for \$800,000, with half paid in cash and half on account?