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Company X sold inventory with an original cost of $590 to a customer for $1,030 on account. Which journal entry correctly records the sale? A.

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Company X sold inventory with an original cost of $590 to a customer for $1,030 on account. Which journal entry correctly records the sale? A. Dr. Inventory Dr. Gain 590 440 Cr. Sales revenue 1030 B. 1030 Dr. Accounts receivable Cr. Sales revenue Dr. Cost of goods sold Cr. Inventory 1030 590 590 C. Dr. Accounts receivable 1030 Cr. Sales revenue 590 Cr. Gain 440 D. 590 Dr. Inventory Cr. Cost of goods sold Dr. Sales revenue Cr. Accounts receivable 590 1030 1030

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