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Fleet Automobiles sold an automobile for $29,000 on account. The cost of the automobile was $15,830. The sale of the automobile came with one year
Fleet Automobiles sold an automobile for $29,000 on account. The cost of the automobile was $15,830. The sale of the automobile came with one year of free oil changes valued at $330. What would be the journal entry to record the sale? Date Accounts Debit Credit OA. 29,000 Accounts Receivable Sales Revenue Service Revenue Cost of Goods Sold Merchandise Inventory 28,670 330 15,830 15,830 OB. 29,000 29,000 Accounts Receivable Sales Revenue Cost of Goods Sold Merchandise Inventory 15,830 15,830 OC. 29,330 Accounts Receivable Sales Revenue 29,000 330 Unearned Revenue 15,830 Cost of Goods Sold Merchandise Inventory 15,830 OD 29,000 Accounts Receivable Sales Revenue Unearned Revenue Cost of Goods Sold Merchandise Inventory 28,670 330 15,830 15,830
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