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The company sold inventory that cost $600 for a price of $1,500. Of this $1,500 amount, the company received $500 in cash and the remaining
The company sold inventory that cost $600 for a price of $1,500. Of this $1,500 amount, the company received $500 in cash and the remaining $1,000 was put on the customers account.
Which ONE of the following would be included in the journal entries necessary to record this sale of inventory for $1,500?
CREDIT to Sales for $900
CREDIT to Sales for $500
CREDIT to Sales for $1,500
CREDIT to Sales for $600
CREDIT to Sales for $1,000
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