Omega Company sells computers. The total cash count for March 15 was $875. Omega maintains a Change Fund of $100. Which of the following is the journal entry to record the day's receipts? a.Debit Cash by $875 and credit Sales by $875 b.Debit Cash by $775 and credit Sales by $775 c.Debit Sales by $875 and credit Cash by $875 d.Debit sales by $775 and credit Cash by $775

College Accounting, Chapters 1-27
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Chapter7: Accounting For Cash
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Omega Company sells computers. The total cash count for March 15 was $875. Omega maintains a Change Fund of $100. Which of the following is the journal entry to record the day's receipts?
a.Debit Cash by $875 and credit Sales by $875
b.Debit Cash by $775 and credit Sales by $775
c.Debit Sales by $875 and credit Cash by $875
d.Debit sales by $775 and credit Cash by $775
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