Question: Check my work mode: This shows what is correct or incorrect for the work you have completed sa Prepare journal entries for each transaction listed
Check my work mode: This shows what is correct or incorrect for the work you have completed sa Prepare journal entries for each transaction listed below. (If no entry is required for a transaction/event, select required in the first account field.) a. Sales on account were $780 and related cost of goods sold was $440. b. Issued 3,000 shares of $1 par value stock for $85,000 cash. % Answer is not complete. General Journal Credit No 1 Transaction 2-1 Debit 780 Accounts receivable Sales revenue 780 a2 440 Cost of goods sold Inventory 440 85,000 Cash Common stock OO 3,000
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