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Problem 5 (8 points) On July 10, ABC sells some inventory, on account. The sales price is $1,200. The cost of the inventory sold
Problem 5 (8 points) On July 10, ABC sells some inventory, on account. The sales price is $1,200. The cost of the inventory sold is $600. Record the journal entry for the sale. Cash 1200
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Intermediate Accounting
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield, Nicola M. Young, Irene M. Wiecek, Bruce J. McConomy
11th Canadian edition Volume 2
1119048540, 978-1119048541
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