Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. on november 2, 2014, griffey company has cash sale

On November 2, 2014, Griffey Company has cash sales of 7,000 from merchandise having a...

90.2K

Verified Solution

Question

Accounting

image
On November 2, 2014, Griffey Company has cash sales of 7,000 from merchandise having a cost of 5,000. The entries to record the day's cash sales will include a. a 5,000 credit to Cost of Goods Sold O b. a 5,000 credit to Inventory C. a 7,000 debit to Accounts Receivable d. a 7,000 credit to Cash

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Statistics
1.2K views

Directions Use the Chi-Square option in the Nonparametric Tests menu to answer the questions based on...

Biology
1.2K views

1. Which would have the highest melting temperature? A. TTAACCGGGCTA B. CATAACAAATCA C. CGCAATAATACA D. CGTAATAATACA D. CGCAACCATCCG 2. Select the...

Biology
1.2K views

Kara is a 14-year-old, 125-pound, high school basketball player. She has been feeling fatigued and sore...

Physics
1.2K views

A uniform ladder AB whose weight is 600 N and length 4 metres rests against...

Geometry
1.2K views

the y 3 cot x OA over a Choose the correct graph below interval SOB...

Statistics
1.2K views

A government agency reported that in 2020 6 0 of people with a bachelor s...

Calculus
1.2K views

When the expression is completely simplified, what is the exponent of 10?(10/2)-8x+6

Algebra
1.2K views

The matrix -3 3 ...

Accounting
1.2K views

Tennies Clinic uses client-visits as its measure...

Finance
1.2K views

The 2021 income statement for Duffy's Pest Control shows that depreciation expense was $197 million,...

Finance
1.2K views

pricing mangement about differ chat norway, company what is the optimal way to charge...

Accounting
1.2K views

Is there a IFRS Convergence Process? If so, please explain what are the steps.