Question
-13 E inventory systems. On June 21, Cullumber Company sold goods on account to Blossom & Sons Inc. for $13500. Cullumber's cost for the
-13 E inventory systems. On June 21, Cullumber Company sold goods on account to Blossom & Sons Inc. for $13500. Cullumber's cost for the goods was $5000. Use the following tabular analysis to record the sale to Blossom by Cullumber assuming that both companies use perpetual Assets = Liabilities + Stockholder's Equity Accounts Accounts Common Retained Earnings Receivable +Inventory = Payable Stock Rev. Exp. Div . June 21 O Increase Sales Revenue and Accounts Receivable by $5000. Increase Cost of Goods Sold and decrease Inventory by $5000. O Increase Sales Revenue and Accounts Payable by $13500. Decrease Cost of Goods Sold and Inventory by $5000 O Increase Sales Revenue and Accounts Receivable by $13500. Increase Cost of Goods Sold and decrease Inventory by $5000. O Increase Sales Revenue and Cash by $13500. Increase Cost of Goods Sold and decrease Inventory by $5000 Attempts:0 of 1 used
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