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On November 2 , 2 0 1 8 , Crane Company has cash sales of $ 5 9 0 0 from merchandise having a cost

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On November 2,2018, Crane Company has cash sales of $5900 from merchandise having a cost of $3500. The entries to record the day's cash sales will include:
a $3500 credit to Cost of Goods Sold.
a $5900 credit to Cash.
a $3500 credit to Inventory.
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