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Author Question: When a retailer sells merchandise on account, the entry for the sales price would be: (Read 59 times)

deesands

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on: Feb 18, 2020
When a retailer sells merchandise on account, the entry for the sales price would be:
◦ debiting Accounts Receivable and crediting Cost of Goods Sold.
◦ debiting Accounts Receivable and crediting Sales Revenue.
◦ debiting Accounts Receivable and crediting Inventory.
◦ debiting Cost of Goods Sold and crediting Sales Revenue.
Financial Accounting ¦ Kemp, Waybright ¦ 5th Edition
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Marked as best answer by deesands on Feb 18, 2020

kbennett34

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Reply #1 on: Feb 18, 2020
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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deesands

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Reply 2 on: Feb 18, 2020
Great answer, keep it coming :)

cdmart10

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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