Multiple Choice
Serina Manufacturing recently sold goods that cost $35,000 for $45,000 cash. The journal entries to record this transaction would include:
A) a credit to Work-in-Process Inventory for $35,000.
B) a debit to Sales Revenue for $45,000.
C) a credit to Profit on Sale for $10,000.
D) a debit to Finished-Goods Inventory for $35,000.
E) a credit to Sales Revenue for $45,000.
Correct Answer:
Verified
Correct Answer:
Verified
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