Question
The consolidating entry to eliminate intercompany sales. A (dr) Merchandise inventory (cr) Cost of goods sold B (dr) Cost of goods sold (cr) Merchandise inventory
The consolidating entry to eliminate intercompany sales.
| A | (dr) Merchandise inventory (cr) Cost of goods sold | |
| B | (dr) Cost of goods sold (cr) Merchandise inventory | |
| C | (dr) Cost of goods sold (cr) Sales revenue | |
| D | (dr) Sales revenue (cr) Cost of goods sold |
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Financial Accounting
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
7th Edition
978-0470477151, 978-0-470-5562, 470556242, 0-470-55624-2, 9780470556245, 978-0470507018
