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CAlifr
Oct 20, 2008, 01:35 AM
sold to a customer for cash a water heater for $1200. the customer installed the water heater, which is part of inventory, originally cost $500
hamzashakaa
Oct 20, 2008, 03:20 AM
Dr. Cash 1200
Cr. Sales 1200

Dr. Cost of sales
Cr. Inventory
ryan2440
Oct 20, 2008, 08:34 PM
Debit- Cash $1200.00

Credit- Sales $1200.00