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lover567 lover567
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Posts: 304
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6 years ago
Argus sells auto parts. On August 1, a customer purchases parts for $3,900 cash. The parts cost Argus $1,300. Argus uses the perpetual inventory method.

Required: Prepare the necessary entries to record the sale.
Textbook 
Intermediate Accounting

Intermediate Accounting


Edition: 1st
Authors:
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Replies
wrote...
6 years ago
 
January 1Cash3,900
         Sales Revenue3,900

January 31Cost of Goods Sold1,300
         Inventory1,300

lover567 Author
wrote...
6 years ago
Thank you for helping me with my quiz
wrote...
6 years ago
Perfect
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