Date Accounts and Explanation Debit Credit Accounts Receivable 24,000 a. Sales Revenue 24,000 Cost of Goods Sold 13,440 Merchandise Inventory 13,440 b. Accounts Receivable 24,360 Sales Revenue 24,000 Unearned Revenue 360 Cost of Goods Sold 13,440 Merchandise Inventory 13,440 Accounts Receivable 24,000 c. Sales Revenue 23,640 Service Revenue 360 Cost of Goods Sold 13,440 Merchandise Inventory 13,440 d. Accounts Receivable 24,000 Sales Revenue 23,640 Unearned Revenue 360 Cost of Goods Sold 13,440 Merchandise Inventory 13,440

Date Accounts and Explanation Debit Credit Accounts Receivable 24,000 a. Sales Revenue 24,000 Cost of Goods Sold 13,440 Merchandise Inventory 13,440 b. Accounts Receivable 24,360 Sales Revenue 24,000 Unearned Revenue 360 Cost of Goods Sold 13,440 Merchandise Inventory 13,440 Accounts Receivable 24,000 c. Sales Revenue 23,640 Service Revenue 360 Cost of Goods Sold 13,440 Merchandise Inventory 13,440 d. Accounts Receivable 24,000 Sales Revenue 23,640 Unearned Revenue 360 Cost of Goods Sold 13,440 Merchandise Inventory 13,440

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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