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The Vespa store would record the following journal entries (debits and credits) to recognize the revenue and reduce their inventory when they sell a scooter

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The Vespa store would record the following journal entries (debits and credits) to recognize the revenue and reduce their inventory when they sell a scooter for cash - hint: remember the "2 step" (Select ALL that apply): O Credit Revenue Debit Cost of Goods Sold Debit Deferred Revenue Credit Cost of Goods Sold Credit Cash Debit to Inventory Debit Cash Credit Deferred Revenue Debit Revenue Credit Inventory

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