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    cristy3091's Avatar
    cristy3091 Posts: 1, Reputation: 1
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    #1

    Jan 30, 2011, 09:21 PM
    How do you journalize sold 4,500 units on account for $.90 per unit.
    I need to journalize and post these transactions but I'm very confused
    pready's Avatar
    pready Posts: 3,197, Reputation: 207
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    #2

    Jan 31, 2011, 09:07 AM

    First you need to calculate the amount of sales, which is: 4,500 units times the sale price of $0.90 per unit.

    Next you need to journalize the sale, which is:
    Debit Accounts Receivable for the amount calculated above, because you sold the item on account
    Credit Sales Revenue for the amount calculated above
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