moncadadebbie9746 moncadadebbie9746

26-02-2021
Business

contestada

If merchandise costing $500 is sold on account for $620, how is this transaction recorded when using a perpetual inventory system

Respuesta :

trammelmr trammelmr

26-02-2021

Answer:

Explanation:

Debit Accounts Receivable and credit Sales Revenue for $620;

DEBIT: Cost of Goods Sold CREDIT: Inventory for $500

Answer Link

Otras preguntas

Which delegate to Ghent did Henry Clay most often disagree with? (A) Smith (B) Butler (C) Gallatin (D) Adams

three liquids are given to you one is hydrochloric acid,another is sodium hydroxide and third is a sugar solution .how will you identify them?you have only tu

There are 25 dozen cookies in the bakery. What is the total number of cookies at the bakery? Use an array area model to show your work.

. How did merchant guilds affect medieval towns and cities?

which religious sect formed the first abolitionist group in the U.S ?

What is a difference between cohesion and adhesion? A. Only adhesion is involved in transpiration pull. B. Only cohesion is involved in the moveme

Which statement about Brown v. Board of Education is true? A. The Supreme Court justices were split five to four in their decision. B. No one had ever tried to

The Korean War was a result of: A. North and South Korea taking different sides in the Cold War B. The United States conflict with Korea after WWII C. A revolut

percent of change: $25;300% increase

Two boxes of tea weight 3 oz. The Tea Time Tasty Tea Company packs 112 boxes in a case of tea. How many pounds does each case of tea weight?