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I have an assignment I'm working on where I need to make a spreadsheet. I...

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Accounting

I have an assignment I'm working on where I need to make a spreadsheet. I do not fully understand where some of the transactions go. On January 3rd, the company made 30000 in cash sales. Does that go straight to cash on the spreadsheet? additionally, where does Cost of goods sold on cash sales go to? cash as well?

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