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When the Vespa store sells a new scooter, the Vespa store would record the following journal entries (debits and credits) to recognize the revenue and
When the Vespa store sells a new scooter, the Vespa store would record the following journal entries (debits and credits) to recognize the revenue and reduce their inventory (Select ALL that apply): Debit to Inventory Debit Revenue Credit Cash Debit Cash Credit Cost of Goods Sold Credit Revenue Debit Cost of Goods Sold Credit Inventory Credit Deferred Revenue Debit Deferred Revenue
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