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Mama June Pizza Company Determined That Dough,sauce,cheese and Other Ingredients

Question 76

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Mama June Pizza Company determined that dough,sauce,cheese and other ingredients costing $8,700 were used to make pizzas during July.Which of the following statements is false with respect to the use of the ingredients?


A) Cost of goods sold was debited for $8,700.
B) Operating expenses increased $8,700.
C) Operating income decreased $8,700.
D) The Supplies account was debited for $8,700.

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