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Garfunkle Company Had the Following Four Transactions During January 2012

Question 70

Multiple Choice

Garfunkle Company had the following four transactions during January 2012:
Garfunkle Company had the following four transactions during January 2012: -Refer to Exhibit 7-1.Given the information above,with the perpetual inventory method,the entry to record the January 5 transaction would include A) A debit to Cost of Goods Sold of $1,500 B) A debit to Accounts Receivable of $2,500 C) A credit to Inventory of $1,500 D) All of these
-Refer to Exhibit 7-1.Given the information above,with the perpetual inventory method,the entry to record the January 5 transaction would include


A) A debit to Cost of Goods Sold of $1,500
B) A debit to Accounts Receivable of $2,500
C) A credit to Inventory of $1,500
D) All of these

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