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    ayaprun's Avatar
    ayaprun Posts: 1, Reputation: 1
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    #1

    Dec 5, 2010, 01:32 PM
    How do you record cash sales and cost of merchandise sold?
    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
    Just Looking's Avatar
    Just Looking Posts: 1,610, Reputation: 480
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    #2

    Dec 5, 2010, 02:15 PM

    That's right.
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