Multiple Choice
When an inventory item that cost $75 is sold on account for $100, which of the following would be included in the journal entry recording the cost of goods sold?
A) Dr.Cash $100
B) Cr.Cost of goods sold $75
C) Cr.Accounts Receivable $100
D) Cr.Inventory $75
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q34: Which of the following accounts normally has
Q35: Which of the following is not part
Q36: Which of the following accounts normally has
Q37: The purchase of land for a combination
Q38: Which of the following would be the
Q40: Which of the following statements regarding the
Q41: Which of the following accounts would have
Q42: Which of the following is not an
Q43: The sale of merchandise to a customer
Q44: Which of the following results in a