Question
Which journal entry(s) reflects the following transaction?: BOC received $5,000 of cash from a customer who took delivery of goods that originally cost BOC $4,000
Which journal entry(s) reflects the following transaction?:
BOC received $5,000 of cash from a customer who took delivery of goods that originally cost BOC $4,000 to acquire.
Dr. Cash 5,000
Cr. Inventory 4,000
Cr. Revenue 1,000
Dr. Cash 5,000
Cr. Revenue 5,000
Dr. Accounts Payable 4,000
Cr. Inventory 4,000
Dr. Cash 5,000
Cr. Inventory 5,000
Dr. Cash 5,000
Cr. Revenue 5,000
Dr. Cost of Goods Sold 4,000
Cr. Inventory 4,000
Dr. Cash 5,000
Cr. Revenue 5,000
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Internal Control Audit And Compliance Documentation And Testing Under The New COSO Framework
Authors: Graham
1st Edition
1118996216, 978-1118996218
