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Question 2: A company sells goods for $15,000 in cash. Requirements: Record the journal entry to recognize the sale of goods. Post the journal entry

Question 2: A company sells goods for $15,000 in cash. Requirements:

Record the journal entry to recognize the sale of goods.
Post the journal entry to the Sales Revenue account in the ledger.
Describe how this transaction affects the income statement.
Calculate the gross profit margin for this sale.
Discuss the significance of cash sales for the company's working capital management.

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