Multiple Choice
On June 23, 2008, Mikhal Cosmetics sold $250,000 worth of its products to Rynex Corporation, with the payment to be made in 90 days on September 20. The goods were shipped to Rynex on July 2. The firm's accountants should recognize the sale on:
A) June 23, 2008.
B) July 2, 2008.
C) September 20, 2008.
D) None of the above
Correct Answer:
Verified
Correct Answer:
Verified
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