Sold merchandise costing $105,000 for $175,000. Of total sales, $45,000 were cash and $130,000 were credit.
2007-02-04 07:19:25 · 3 answers · asked by Mark F 5 in Business & Finance ➔ Other - Business & Finance
Debit cash 45000
Debit A/R 130000
Credit Sales 175000
if you want to transfer cost from inv to cog then..
Debit COGS 105000
Credit MI 105000
2007-02-04 07:26:40 · answer #1 · answered by americanmalearlington 4 · 1⤊ 0⤋
Debit Cash 45,000
Debit Accounts Receivable 130,000
Credit Sales 175,000
To record sales of $175,000 on date.
2007-02-04 07:28:40 · answer #2 · answered by LuvDylan 5 · 1⤊ 0⤋
what?
2007-02-04 07:55:41 · answer #3 · answered by Brooke 2 · 0⤊ 1⤋