|
Title: A company that uses the perpetual inventory system sold goods to a customer for cash for $3,500. The ... Post by: H3Ko on Aug 29, 2016 A company that uses the perpetual inventory system sold goods to a customer for cash for $3,500. The cost of the goods sold was $600. Which of the following journal entries correctly records this transaction?
A) Cost of Goods Sold 3,500 Sales Revenue 3,500 B) Accounts Receivable 3,500 Cash 3,500 Cost of Goods Sold 600 Merchandise Inventory 600 C) Cash 3,500 Sales Revenue 3,500 Cost of Goods Sold 600 Merchandise Inventory 600 D) Merchandise Inventory 3,500 Sales Revenue 3,500 Title: Re: A company that uses the perpetual inventory system sold goods to a customer for cash for $3,500. ... Post by: .unplugged. on Aug 29, 2016 Content hidden
Title: Re: A company that uses the perpetual inventory system sold goods to a customer for cash for $3,500. The ... Post by: H3Ko on Oct 12, 2016 I posted this question a while back then forgot to check the forum lol Thanks for answering, you were right
|