To reverse a downward trend in sales, Mazda introduced its MPV minivan. Mazda positioned its van as a cross between a standard m
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Date Account Titles and Explanation Debit Credit
12-Mar Accounts receivable $7,800
Sales $7,800
(To record the sales on account)
12-Mar Cost of goods sold $4,500
Inventory $4,500
(To record the cost of goods sold)
