Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. provide the je to remove your inventory when you s

Provide the JE to remove your inventory when you sell $10 of 2x4s. Select one:...

80.2K

Verified Solution

Question

Accounting

Provide the JE to remove your inventory when you sell $10 of 2x4s.

Select one:

a. Dr. Raw Materials Cr. FG

b. Dr. Cash Cr. Expense

c. Dr. WIP Cr. FG

d. Dr. Revenue Cr. Cash

e. Dr. Cash Cr. COGS

f. Dr. Expense Cr. Cash

g. Dr. COGS Cr. FG

h. Dr. Cash Cr. Raw Materials

i. Dr. COGS Cr. Cash

j. Dr. WIP Cr. Cash

k. Dr. FG Cr. COGS

l. Dr. Cash Cr. Bank

m. Dr. Cash Cr. Revenue

n. Dr. FG Cr. Raw Materials

o. Dr. Raw Materials Cr. Cash

p. Dr. FG Cr. WIP

q. Dr. WIP Cr. Raw Materials

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