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marusya05 [52]
3 years ago
6

Cumberland Co. sells $2,000 of inventory to Hancock Co. for cash. Cumberland paid $1,250 for the merchandise. Under a perpetual

inventory system, which of the following journal entry(ies) would be recorded?
Business
1 answer:
mafiozo [28]3 years ago
4 0

Answer:

Cash (Debit)                                    $2,000

         Sales (Credit)                                         $2,000

Cost of Merchandise Sold (Debit)   $1,250

         Merchandise Inventory (Credit)             $1,250

Explanation:

Cash (Debit): Cash increase because it is a Cash Sale, cash increases by debit.

     

Sales (Credit):  to register the sale, Sales(income) increases by credit .

Cost of Merchandise Sold (Debit): to record the cost of the merchandise sold, the costs increase by debit.      

Merchandise Inventory (Credit): to record the inventory output of the merchandise sold, inventory decreases by credit.

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Answer:

0.4

Explanation:

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Probability that it takes Robby between 29 and 39 minutes to go shopping to be 0.4

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