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Fast Automobiles sold an automobile for $30,000 on account. The cost of the automobile was $15,350. The sale of the automobile came with one year
Fast Automobiles sold an automobile for $30,000 on account. The cost of the automobile was $15,350. The sale of the automobile came with one year of free oil changes valued at $370. What would be the journal entry to record the sale? Date Accounts Debit Credit Accounts Receivable 30,000 Sales Revenue 29,630 Unearned Revenue 370 Cost of Goods Sold 15,350 Merchandise Inventory 15,350 Accounts Receivable 30,000 Sales Revenue 29,630 Service Revenue 370 Cost of Goods Sold 15,350 Merchandise Inventory 15,350 Oc. ||Accounts Receivable 30,370 Sales Revenue 30,000 Unearned Revenue 370 Cost of Goods Sold 15,350 Merchandise Inventory 15,350 Accounts Receivable 30,000 Sales Revenue 30,000 Cost of Goods Sold 15,350 Merchandise Inventory 15,350
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