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Accounting question. Sale of inventory to customer, selling price of 141,000. Cost of inventory sold is 42000. Customer pays for purchase in 30 days. Is

Accounting question.

Sale of inventory to customer, selling price of 141,000. Cost of inventory sold is 42000. Customer pays for purchase in 30 days.

Is this right?

ACC receivable DEBIT 141000

ACC Payable CREDIT 141000

Inventory Expense DEBIT 42000

Inventory CREDIT 42000

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