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TB MC Qu. 08-113 (Algo) On Saturday, June 30, BD Pool Supplies sold... ...

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Accounting

TB MC Qu. 08-113 (Algo) On Saturday, June 30, BD Pool Supplies sold...

On Saturday, June 30, BD Pool Supplies sold merchandise to E. Luang on account. The sales price was $6,800, and the cost of goods sold was $6,150. The sales revenue was recorded immediately, but the entry recording the cost of goods sold was dated Monday, July 2. As a result, net income for June was:

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