Multiple Choice
The journal entry made by Canfield to record the sale of the Jefferson Apartments project to King Development Company for $5,250,000 would include:
A) A debit to Sales of $5,250,000.
B) A debit to Cost of Goods Sold of $2,625,000.
C) A credit to Finished Goods Inventory of $975,000.
D) A debit to Finished Goods Inventory of $975,000.
Correct Answer:
Verified
Correct Answer:
Verified
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