On May 16, Bennion Company, Sold $50,000 of Inventory to Bonaccorsi

Multiple Choice

On May 16, Bennion Company, sold $50,000 of inventory to Bonaccorsi, Inc. for $10,000 cash and $60,000 on credit. On June 10, Bonaccorsi, Inc. paid Bennion Company cash for the $60,000 credit sale. The entry by Bennion Company to record the transaction on May 16 would include

A) A credit to Cash
B) A debit to Inventory
C) A credit to Sales Revenue
D) A credit to Cost of Goods Sold