When an inventory item that cost $75 is sold on account for $100, which of the...
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When an inventory item that cost $75 is sold on account for $100, which of the following would be included in the journal entry recording the cost of goods sold? O Dr. Cash $100 O Cr. Cost of goods sold $75 O Cr. Accounts Receivable $100 O Cr. Inventory $75 When an inventory item that cost $75 is sold on account for $100, which of the following would be included in the journal entry recording the cost of goods sold? O Dr. Cash $100 O Cr. Cost of goods sold $75 O Cr. Accounts Receivable $100 O Cr. Inventory $75
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