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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Accounting Principles
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
13th edition
978-1-119-4110, 1119411483, 9781119411017, 978-1119411482
