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Interpret the following journal entry: 800 Cost of goods sold Inventory 800 O a. A company sells inventory that cost $800. O b. The company

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Interpret the following journal entry: 800 Cost of goods sold Inventory 800 O a. A company sells inventory that cost $800. O b. The company pays $800 to acquire inventory. O c. A company sells inventory, earning revenue of $800. Od. A company purchases inventory for $800, with cash payment due in the future

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