“9. Which of the following entries or sets of entries would record sales for the month of July of goods costing $119,000 for $200,000? a. Accounts Receivable 200,000 Sales 200,000 b. Accounts Receivable 200,000 Sales 200,000 Cost of Goods Sold 119,000 Work in Process 119,000 c. Cost of Goods Sold 119,000 Net Income 81,000 Sales 200,000 d. Accounts Receivable 200,000 Sales 200,000 Cost of Goods Sold 119,000 Finished Goods 119,000”

June 20, 2017 mfadmin Managerial Accounting

Average Rating

0 out of 5 stars. 0 votes.

“9. Which of the following entries or sets of entries would record sales for the month of July of goods costing $119,000 for $200,000? a. Accounts Receivable 200,000 Sales 200,000 b. Accounts Receivable 200,000 Sales 200,000 Cost of Goods Sold 119,000 Work in Process 119,000 c. Cost of Goods Sold 119,000 Net Income 81,000 Sales 200,000 d. Accounts Receivable 200,000 Sales 200,000 Cost of Goods Sold 119,000 Finished Goods 119,000”