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The Following Journal Entry Was Included in the Accounting Records

Question 14

Multiple Choice

The following journal entry was included in the accounting records of Jumani Company:
The following journal entry was included in the accounting records of Jumani Company:     This entry is needed to record the: A) cost of merchandise sold. B) sales price of merchandise sold. C) cost of merchandise returned by a customer. D) net effect of a sales transaction.

This entry is needed to record the:


A) cost of merchandise sold.
B) sales price of merchandise sold.
C) cost of merchandise returned by a customer.
D) net effect of a sales transaction.

Correct Answer:

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