On October 4, 2006, an Corporation had credit sales transactions of $4,800 from merchandise having cost $2,880. The entries to record the day’s credit transactions include a a. debit of $4,800 to...

On October 4, 2006, an Corporation had credit sales transactions of $4,800 from merchandise having cost $2,880. The entries to record the day’s credit transactions include a

a. debit of $4,800 to Inventory.

b. credit of $4,800 to Sales Revenue.