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Which of the following is the proper journal entry to record the expense portion of the sale in transaction (i): April 16: Sold 1,000 widgets
Which of the following is the proper journal entry to record the expense portion of the sale in transaction (i): April 16: Sold 1,000 widgets to customers. Cash payments are due within 30 days? Answer Choice Debit A Cash B Credit Cost of goods sold Inventory Accounts receivable Accounts receivable Cost of goods sold Inventory expense Inventory D O A. Debit/Cash; Credit/Cost of goods sold B. Debit/Cost of goods sold; Credit/Inventory OC. Debit/Inventory expense; Credit/Accounts receivable OD. Debit/Inventory; Credit/Accounts receivable
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