The Account Distribution for Sales of Inventory on Account Is

question 11

Multiple Choice

The account distribution for sales of inventory on account is:

• A)Debit Merchandise Inventory and Accounts Receivable;credit Cost of Goods Sold and Sales.
• B)Debit Accounts Receivable/customer and Cost of Goods Sold;credit Sales and Merchandise Inventory.
• C)Debit Accounts Payable/vendor and Cost of Goods Sold;credit Accounts Receivable/customer and Checking.
• D)None of these.

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Definitions:

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Glasses with lenses that are tinted red, which can influence perception and mood, sometimes used experimentally to study the effects of colored light on human behavior.

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