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Archer Manufacturing had sales for the week of $3,145, of which $2,500 was on credit and $645 in cash sales. The cost of the merchandise
Archer Manufacturing had sales for the week of $3,145, of which $2,500 was on credit and $645 in cash sales. The cost of the merchandise sold was $1,716. The journal entries would include a
A. | debit to Cash for $3,145, credit to Sales for $3,145. |
B. | debit to Cost of Goods Sold for $1,716; credit to Sales of $1,716. |
C. | debit to Cash for $3,145 and a credit to Cost of Goods Sold for $3,145. |
D. | debit to Cost of Goods Sold for $1,716; credit to Inventory for $1,716. |
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