Question
What are the 2 journal entries that must be made by the seller if they sell merchandise to a customer for $3,500 on account? The
What are the 2 journal entries that must be made by the seller if they sell merchandise to a customer for $3,500 on account? The original cost of the goods was $1,250. The perpetual inventory system is being used.
| Account Titles | Debit | Credit |
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Survey of Accounting
Authors: Carl S Warren
5th Edition
9780538489737, 538749091, 538489731, 978-0538749091
