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    sitaki's Avatar
    sitaki Posts: 3, Reputation: 0
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    #1

    Feb 19, 2008, 03:51 PM
    Sales in inventory
    A company sells 1000 book each at 10 dollars, (cost of these books is 6000 dollars) how would you journalize this? Please explain
    MaggieMouse's Avatar
    MaggieMouse Posts: 226, Reputation: 8
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    #2

    Feb 20, 2008, 12:53 PM
    Dr. AR/Cash10000
    Cr. Revenue10000

    Dr. COGS6000
    Cr. Inventory6000
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