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Mynex Company completes Job No. 26 at a cost of $4,500 and later sells it for $7,000 cash. A correct entry is: Select one: O
Mynex Company completes Job No. 26 at a cost of $4,500 and later sells it for $7,000 cash. A correct entry is: Select one: O a. debit Cost of Goods Sold $7,000 and credit Finished Goods Inventory $7,000. O b. debit Finished Goods Inventory $4,500 and credit Work in Process Inventory $4,500. O c. debit Finished Goods Inventory $7,000 and credit Work in Process Inventory $7,000. d. debit Accounts Receivable $7,000 and credit Sales Revenue $7,000
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