Date Accounts and Explanation Debit Credit Accounts Receivable 24,000 a. Sales Revenue 24,000 Cost of Goods Sold 13,440 Merchandise Inventory 13,440 b. Accounts Receivable 24,360 Sales Revenue 24,000...

League Automobiles sold an automobile for $24,000 on account. The cost of the automobile was $13,440. The sale of the automobile came with one year of free oil changes valued at ‘$360. What would be the journal entry to record the sale?

Extracted text: Date Accounts and Explanation Debit Credit Accounts Receivable 24,000 a. Sales Revenue 24,000 Cost of Goods Sold 13,440 Merchandise Inventory 13,440 b. Accounts Receivable 24,360 Sales Revenue 24,000 Unearned Revenue 360 Cost of Goods Sold 13,440 Merchandise Inventory 13,440 Accounts Receivable 24,000 c. Sales Revenue 23,640 Service Revenue 360 Cost of Goods Sold 13,440 Merchandise Inventory 13,440 d. Accounts Receivable 24,000 Sales Revenue 23,640 Unearned Revenue 360 Cost of Goods Sold 13,440 Merchandise Inventory 13,440