Question
On Novemebr 2, 2010, Griffey Company has cash sales of $4,200 from merchandise having a cost of $3,000. The entries to record the day's cash
On Novemebr 2, 2010, Griffey Company has cash sales of $4,200 from merchandise having a cost of $3,000. The entries to record the day's cash sales will include ?
A) a $3,000 credit to cost of Goods sold
b) a $4,200 credit to cash
c) a $3,000 credit to Merchandise inventory
d) a $4,200 debit to Accounts Receivable
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Principles Of Accounting
Authors: Steven M. Bragg
1st Edition
1642210773, 978-1642210774
