Question
Harrys Home & Garden originally purchased merchandise from a supplier at a cost of $3,700. Harrys sold that same merchandise to a customer for $7,200
Harrys Home & Garden originally purchased merchandise from a supplier at a cost of $3,700. Harrys sold that same merchandise to a customer for $7,200 cash. What amount would be entered into the Cost of Good Sold Dr. / Inventory Cr. column in Harrys cash receipts journal for the sale?
$3,700.
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Managerial Accounting
Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac
13th edition
978-1285868806, 1285868803, 978-1305691254, 978-1305465640, 1305465644, 978-1285866307
