Question
TB MC Qu. 08-113 (Algo) On Saturday, June 30, BD Pool Supplies sold... On Saturday, June 30, BD Pool Supplies sold merchandise to E. Luang
TB MC Qu. 08-113 (Algo) On Saturday, June 30, BD Pool Supplies sold...
On Saturday, June 30, BD Pool Supplies sold merchandise to E. Luang on account. The sales price was $6,800, and the cost of goods sold was $6,150. The sales revenue was recorded immediately, but the entry recording the cost of goods sold was dated Monday, July 2. As a result, net income for June was:
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Principles Of Food Beverage And Labor Cost Controls
Authors: Paul R. Dittmer, J. Desmond Keefe III
9th Edition
0471783471, 978-0471783473
