Business, 23.12.2019 23:31, ricardoamora54
Morgan manufacturing recently sold goods that cost $35,000 for $45,000 cash. the journal entries to record this transaction would include:
a. a credit to work-in-process inventory for $35,000.
b. a debit to sales revenue for $45,000.
c. a credit to profit on sale for $10,000.
d. a debit to finished-goods inventory for $35,000.
e. a credit to sales revenue for $45,000.
Answers: 2
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Morgan manufacturing recently sold goods that cost $35,000 for $45,000 cash. the journal entries to...
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