Markham Spinners sold 100 units of wool yarn to Dannar Industries on credit. Each unit was sold to Dannar for $27.48 and cost Markham
Markham Spinners sold 100 units of wool yarn to Dannar Industries on credit. Each unit was sold to Dannar for $27.48 and cost Markham $11.67 to manufacture. What would the debit entry (entries) to the sales journal be for this transaction? Debit to Accounts Receivable for $2,748 and debit to Cost of Goods Sold for $1,167. Debit to Cash for $2,748. Debit to Accounts Receivable for $1,581 and debit to Inventory for $1,167. Debit to Cost of Goods Sold for $1,167. Save for Later Last saved 1 second ago. Submit Answer
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