The Journal Entries to Record the Cost and Sale of a Finished

question 12

Multiple Choice

The journal entries to record the cost and sale of a finished good on account are

• A)debit Cost of Goods Sold, credit Finished Goods; debit Accounts Payable, credit Sales
• B)debit Cost of Goods Sold, credit Finished Goods; debit Accounts Receivable, credit Sales
• C)debit Sales Expense, credit Finished Goods; debit Cash, credit Accounts Receivable
• D)debit Work in Process, credit Finished Goods; debit Accounts Receivable, credit Sales

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Definitions:

Scope

The extent, range, or breadth of something, especially a project, research, discussion, or activity, outlining its limitations and objectives.

Heart Function

Refers to the role of the heart in pumping blood throughout the body, supplying oxygen and nutrients while removing carbon dioxide and waste products.

Normal Activity

Typical or routine actions or functions under standard conditions or circumstances.

Assessed

Evaluated or estimated the nature, ability, or quality of something or someone, often used in contexts of taxation, education, and healthcare.