Use the Information Above to Answer the Following Question

question 118

Multiple Choice

Use the information above to answer the following question.What journal entry (entries) will Darin prepare on October 1 to record this sale?

• A) Debit Accounts receivable and credit Sales Revenue for $6,500
• B) Debit Sales Revenue for $6,500 and credit Accounts Receivable and credit for $6,500; debit Cost of Goods Sold and credit Inventory for $4,200
• C) Debit Cost of Goods Sold for $4,200, debit Gross Profit for $2,300, and credit Sales Revenue for $6,500
• D) Debit Accounts Receivable and credit Sales Revenue for $6,500; debit Cost of Goods Sold and credit Inventory for $4,200

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Definitions:

Sticky Note

A small piece of paper with a re-adherable strip of glue on its back, used for temporarily attaching notes to documents, surfaces, or each other.

Nonverbal Response

A reaction or reply to communication that is expressed through actions or behaviors rather than words.

Verbal

Pertaining to or involving words and the use of spoken or written language.

Transactional

A type of interaction or relationship based on exchanges or transactions, often emphasizing the giving and receiving of goods, services, or information.