Question
Serina Manufacturing recently sold goods that cost $35,000 for $45,000 cash. The journal entries to record this transaction would include: a credit to Work-in-Process Inventory
Serina Manufacturing recently sold goods that cost $35,000 for $45,000 cash. The journal entries to record this transaction would include:
a credit to Work-in-Process Inventory for $35,000.
A. a debit to Sales Revenue for $45,000.
B.a credit to Profit on Sale for $10,000.
C.a debit to Finished-Goods Inventory for $35,000.
D. a credit to Sales Revenue for $45,000.
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Introduction To Management Accounting Chapters 1 To 14
Authors: Charles T Horngren, Gary L Sundem, William O Stratton, Dave Burgstahler, Jeff Schatzberg
15th Edition
0136102778, 9780136102779
