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Transaction Details: Transaction Debit Credit Sale of Merchandise - $40,000 Cost of Goods Sold $20,000 - Inventory $20,000 - Record the journal entry for the
Transaction Details:
| Transaction | Debit | Credit |
|---|---|---|
| Sale of Merchandise | - | $40,000 |
| Cost of Goods Sold | $20,000 | - |
| Inventory | $20,000 | - |
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College Accounting
Authors: Heintz and Parry
20th Edition
1285892070, 538489669, 9781111790301, 978-1285892078, 9780538489669, 1111790302, 978-0538745192
