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Home Q & A Board Other Fields Homework Help Business Accounting
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majestico majestico
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6 years ago
Omega.com sold 25 jet skis on account for $7,000 which cost $5,000. The entry to record the sale would include:
A) credit to Finished Goods Inventory $5,000.
B) debit to Cost of Goods Sold for $7,000.
C) credit to Account Receivable for $7,000.
D) all of the above.
Textbook 
College Accounting: A Practical Approach

College Accounting: A Practical Approach


Edition: 13th
Author:
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AugustisAugustis
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#2
3 years ago
thank you
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#3
3 years ago
Thank you
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#4
3 years ago
excellent question
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