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Company LMNOP purchased inventory costing $500. On February 4th, Company LMNOP sold it to a customer on account for $750 dollars. How should LMNOP record
Company LMNOP purchased inventory costing $500. On February 4th, Company LMNOP sold it to a customer on account for $750 dollars. How should LMNOP record the sale on February 4th? O A Inventory Cost of Goods Sold Sales Revenue Accounts Receivable $250 $250 $250 $250 $500 $500 OB. Cost of Goods Sold Inventory Accounts Receivable Sales Revenue $750 $750 OC. Accounts Receivable Sales Revenue Cost of Goods Sold $750 $250 $500 OD. Cost of Goods Sold Inventory Accounts Receivable Sales Revenue $750 $750 $500 $500
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