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Recording a credit sale requires Two entries that include a debit to Cash. Two entries that include a debit to Cost of Goods Sold. Only

Recording a credit sale requires

  • Two entries that include a debit to Cash.
  • Two entries that include a debit to Cost of Goods Sold.
  • Only one entry that includes a credit to Inventory.
  • Only one entry that includes a debit to Accounts Receivable.

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