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20 Ahmed Company sold goods on account to Ali by BD1200, and cost of goods sold is BD900, the Entry will be * (4 Points)

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20 Ahmed Company sold goods on account to Ali by BD1200, and cost of goods sold is BD900, the Entry will be * (4 Points) DR account receivable 1200, CR Sales 1200, DR cost of Goods sold 900, CR inventory 900 DR account receivable 900, CR Sales 1200, DR cost of Goods sold 900, CR inventory 1200 DR account receivable 900, CR Sales 900 DR cost of Goods sold 1200, CR inventory 1200 21 Machine cost price BD1000, Taxes BD50, Salvage Value BD100, then the Acquisition Cost = (4 Points) 1150 1050 850

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