Answer:
Journal entries
Explanation:
1. Cash Dr XX
To Sales revenue XX
(Being the cash sales is recorded)
Since the cash is received so we debited the cash as it also increases the assets and the sales revenue would be credited as it an income for the company
2. Cost of goods sold XX
To Merchandise inventory XX
(Being the cost of goods sold is recorded)
While calculating the cost of inventory we debited the cost of goods sold and credited the merchandise inventory
1. Account receivable Dr XX
To Sales revenue XX
(Being the cash sales is recorded)
Since the sales is made on account so we debited the account receivable as it also increases the assets and the sales revenue would be credited as it an income for the company
2. Cost of goods sold XX
To Merchandise inventory XX
(Being the cost of goods sold is recorded)
While calculating the cost of inventory we debited the cost of goods sold and credited the merchandise inventory
You can buy at a low price for a stock and sell it for a higher price.
Household appliances and pension are exempt
second car and heirlooms are not
#platolivesmatter
Answer:
Washington to exchange apples with Texas and receive money in return.
Explanation:
According to the attached figure Washington has the surplus apples also the texas wants the apples so here there is an exchange of apples between washington and texas and in return the money is received
Therefore the above represent an answer
Answer:
very good morning dear...
have a NYC day ahead... :)
