Which of the following accounts are used when recording the sales entry of a sale on credit?

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Which of the following accounts are used when recording the sales entry of a sale on credit?
A. Merchandise inventory, cash
B. Accounts receivable, merchandise inventory
C. Accounts receivable, sales
D. Sales, cost of goods sold

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Principles Of Accounting Volume 1 Financial Accounting

ISBN: 9781593995942

1st Edition

Authors: Mitchell Franklin, Patty Graybeal, Dixon Cooper, OpenStax

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Question Posted: Aug 11, 2022 02:35 AM

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Which of the following accounts are used when recording the sales entry of a sale on credit?

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D Sales cost of goods sold Cost of Goods Sold Cost of Goods S...View the full answer

Principles Of Accounting Volume 1 Financial Accounting

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