Question: Under the FIFO method, Amazon's journal entry (entries) on June 14 is (are): a. Accounts Receivable Inventory b. Accounts Receivable Sales Revenue. c. Cost of

Under the FIFO method, Amazon's journal entry (entries) on June 14 is (are):

a. Accounts Receivable Inventory b. Accounts Receivable Sales Revenue. c. Cost of

a. Accounts Receivable Inventory b. Accounts Receivable Sales Revenue. c. Cost of Goods Sold........ Inventory.... d. Both b and c are correct. 490 490 1,000 1,000 490 490

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