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Enter the amounts of journal entries E) Company S sold inventory to Company P for $70,000 with a gross margin of 30% on account. All
Enter the amounts of journal entries
E) Company S sold inventory to Company P for $70,000 with a gross margin of 30% on account. All the inventory was subsequently sold to a 3rd party and it has not been paid for by Company P: Account Debit $70,000 Sales Accounts Payable Accounts Receivable Cost of Good Sold Inventory Sales Accounts Payable F) Company S sold inventory to Company P for $60,000 with a gross margin of 50% on account. All the inventory was subsequently sold to a 3rd party and it has been paid for by Company P: Account Debit Accounts Receivable Cost of Good Sold Inventory Sales Accounts Payable Accounts Receivable Cost of Good Sold Inventory G) Company S sold inventory to Company P for $100,000 with a gross margin of 70% on account. All the inventory was subsequently sold to a 3rd party and it has not been paid for by Company P: Account Debit Sales Accounts Payable Accounts Receivable Cost of Good Sold Inventory Credit H) Company S sold inventory to Company P for $10,000 with a gross margin of 40% on account. All the inventory was subsequently sold to a 3rd party and it has been paid for by Company P: Account Debit Credit Sales Accounts Payable zero Accounts Receivable Cost of Good Sold Inventory Credit 1) Company S sold inventory to Company P for $70,000 with a gross margin of 30% on account. Half the inventory was subsequently sold to a 3rd party and it has not been paid for by Company P: Account Debit Credit Sales Accounts Payable Accounts Receivable Cost of Good Sold Inventory Credit J) Company S sold inventory to Company P for $60,000 with a gross margin of 50% on account. Half the inventory was subsequently sold to a 3rd party and it has been paid for by Company P: Account Debit Credit
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