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Henry Company has inventory costing $15,000. They sell the inventory for $25,000. The customer pays with $10,000 cash and a $15.000 receivable. Which of

 

Henry Company has inventory costing $15,000. They sell the inventory for $25,000. The customer pays with $10,000 cash and a $15.000 receivable. Which of the following is NOT included in the journal entry used to record this sale? CREDIT to Inventory for $15,000 DEBIT to Cost of Goods Sold for $15,000 O DEBIT to Accounts Receivable for $15,000 O CREDIT to Gain on Sale for $10,000 O CREDIT to Sales Revenue for $25,000

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