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The Corbit Corp. sold merchandise for $15,000 cash. The cost of the merchandise sold was $9000. The journal entries to record this transaction under the
The Corbit Corp. sold merchandise for $15,000 cash. The cost of the merchandise sold was $9000. The journal entries to record this transaction under the perpetual inventory system would be O a. Cash 15,000 Merchandise Inventory 15.000 Cost of Merchandise Sold Sales 9,000 9,000 15,000 Cash Sales 15.000 9,000 Cost of goods Sold Merchandise Inventory 9,000 C. Cash 15.000 Sales 15.000 15.000 Cost of Merchandise Sold Merchandise Inventory 15.000 O d. Cash 9.000 Sales 9.000 10000 20000 5000 37000 Cash Accounts Receivable Supplies Land Accounts Payable Wages Payable Common Stock Retained Earnings Dividends Fees Earned Wages Expense Rent Expense 11000 3000 44000 7000 15000 35000 6000 7000 100000 100000 What is the dollar amount of total current assets? O $30.000 $15,000 0 $35.000 $72,000 10000 20000 5000 37000 Cash Accounts Receivable Supplies Land Accounts Payable Wages Payable Common Stock Retained Earnings Dividends Fees Earned Wages Expense Rent Expense 11000 3000 44000 7000 15000 35000 6000 7000 100000 100000 What is the dollar amount of total Plant, Property and Equipment? O $37,000 O $42.000 $35.000 O $72,000
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