On October 4, 2006, an Corporation had credit sales transactions of $4,800 from merchandise having cost $2,880. The entries to record the day’s credit transactions include a a. debit of $4,800 to Inventory.       b. credit of $4,800 to Sales Revenue.       c. credit of $2,880 to Cost of Goods Sold.       d. debit of $2,880 to Inventory.

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
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Chapter1: Financial Statements And Business Decisions
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On October 4, 2006, an Corporation had credit sales transactions of $4,800 from merchandise having cost $2,880. The entries to record the day’s credit transactions include a
a. debit of $4,800 to Inventory.
 
 
 
b. credit of $4,800 to Sales Revenue.
 
 
 
c. credit of $2,880 to Cost of Goods Sold.
 
 
 
d. debit of $2,880 to Inventory.
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