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Transaction Details: Transaction Debit Credit Sale of Merchandise - $70,000 Cost of Goods Sold $35,000 - Inventory $35,000 - Record the journal entry for the
Transaction Details:
| Transaction | Debit | Credit |
|---|---|---|
| Sale of Merchandise | - | $70,000 |
| Cost of Goods Sold | $35,000 | - |
| Inventory | $35,000 | - |
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Financial Accounting Information for Decisions
Authors: John J. Wild
8th edition
125953300X, 978-1259533006
