Cash sales for April 8-13 were $25,800. The cost of merchandise sold is $15,480.
Is it:
Dr Cash $25800
Cr Sales $25800
Dr cost of merchandise sold $15480
Cr Merchandise inventory $15480
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Cash sales for April 8-13 were $25,800. The cost of merchandise sold is $15,480.
Is it:
Dr Cash $25800
Cr Sales $25800
Dr cost of merchandise sold $15480
Cr Merchandise inventory $15480
That's right.
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