On October 1,Robertson Company Sold Merchandise in the Amount of $5,800
Question 125
Question 125
Multiple Choice
On October 1,Robertson Company sold merchandise in the amount of $5,800 to Alberts,with credit terms of 2/10,n/30.The cost of the items sold is $4,000.Robertson uses the perpetual inventory system.The journal entry or entries that Robertson will make on October 1 is:
A) Sales Accounts receivable 5,8005,800
B) Sales Accounts receivable Cost of goods sold Merchandise Inventory 5,8004,0005,8004,000 C) Accounts receivable Sales 5,8005,800 D) Accounts receivable Sales Cost of goods sold Merchandise inventory 5,8004,0005,8004,000 E) Accounts receivable Sales 4,0004,000
Correct Answer:
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