10. On July 1, B. Darin Company sold merchandise costing $4,500 to S. Dee Compan

Question

10. On July 1, B. Darin Company sold merchandise costing $4,500 to S. Dee Company for $6,000, terms 2/10, n/30. Both companies use a perpetual inventory system. What is the journal entry that S. Dee Company will make on July 1?

A) Purchases                                        6,000
            Accounts payable                                 6,000
B) Inventory                                         6,000
            Accounts receivable                             6,000
C) Inventory                                         6,000
           Accounts payable                                  6,000
D) Cost of goods sold                           4,500
            Inventory                                              4,500

  
A. Option A
B. Option B
C. Option C
D. Option

Explanation / Answer

10. On July 1, B. Darin Company sold merchandise costing $4,500 to S. Dee Compan

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