To record the sale of inventory that cost a company $2,600 and was sold on...
80.2K
Verified Solution
Link Copied!
Question
Accounting
To record the sale of inventory that cost a company $2,600 and was sold on account for $4,500, the journal entry would include: [Note - the complete entry is not shown] Debit to Sales Revenues for $2,600 Credit to Inventory for $4,500 Debit to Cash for $4,500 Debit to COGS for $2,600 None of the above More than one of the above
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!
Other questions asked by students
StudyZin's Question Purchase
1 Answer
$0.99
(Save $1 )
One time Pay
- No Ads
- Answer to 1 Question
- Get free Zin AI - 50 Thousand Words per Month
Best
Unlimited
$4.99*
(Save $5 )
Billed Monthly
- No Ads
- Answers to Unlimited Questions
- Get free Zin AI - 3 Million Words per Month
*First month only
Free
$0
- Get this answer for free!
- Sign up now to unlock the answer instantly
You can see the logs in the Dashboard.