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Apple manufactures and sells iPhones. In the month of October, they produced and sold 1,000 iPhones at $800 each. The cost to produce each phone
Apple manufactures and sells iPhones. In the month of October, they produced and sold 1,000 iPhones at $800 each. The cost to produce each phone is $200. Record the journal entries Apple would make to account for costs of goods sold. To receive full marks, you must clearly identify the account name, indicate debit or credit, and include the amount
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