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Marigold Corporation sells one product, with information for July as follows: July 1 Inventory 100 units at $17.00 each Sale 80 units at $18.00 each
Marigold Corporation sells one product, with information for July as follows: July 1 Inventory 100 units at $17.00 each Sale 80 units at $18.00 each 11 Purchase 150 units at $16.20 each 120 units at $18.90 each 13 Sale 20 Purchase 27 Sale 160 units at $17.30 each 100 units at $19.80 each July 4 July 4 Accounts Receivable Sales Revenue (To record sales on account) Cost of Goods Sold Inventory (To record cost of goods sold) July 11 v Inventory Accounts Payable July 13 v Accounts Receivable Sales Revenue (To record sales on account) Cost of Goods Sold Inventory (To record cost of goods sold) Inventory Accounts Payable Accounts Receivable Sales Revenue (To record sales on account)
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