his test can B Time: 12 minutes, 08 seconds. Completion Status: 12 13 14 15 16 1

Question

his test can B Time: 12 minutes, 08 seconds. Completion Status: 12 13 14 15 16 10 oving to another question will save this response. on 12 Piper Company sells merchandise which cost $1,500 for $1,800 to Morton Company, 2/10, n/30. The entry to record the sale would be Cash 1,800 1,800 Cost of Goods Sold 1,500 1,500 1,800 Inventory 1,800 Cost of Goods Sold 1,500 Sales Revenue 1,500 1,800 1,800 Cost of Goods Sold 1,500 1,500 Accounts Receivable 1,500 1,500 Cost of Goods Sold 1800 1800 à Moving to another question will save this response Type here to search

Explanation / Answer

Answer is C

The entry to record the sale would be:

General Journal Debit Credit Accounts Receivable $1,800 Sales Revenue $1,800 Cost of goods sold $1,500 Inventory $1,500

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