Carlton Construction Company sold a home that it built for a total cost of $150,000 for a sales price of $250,000. The journal entries to record the sales revenue and cost of the sale would include:
a. A debit to Cost of Goods Sold for $150,000
b. A credit to Finished Goods for $150,000
c. A debit to Sales Revenue for $250,000
d. A and B
* it'a a multiple choice, pls explain the answer
Answers: 2
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Carlton Construction Company sold a home that it built for a total cost of $150,000 for a sales pric...
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