Henderson Sales sold 400 units of product to a customer on account. The selling price was $25 per unit, and the cost, according to the company's inventory records, was $12 per unit. Please provide the journal entry to record Cost of goods sold.
Definitions:
Etiquette
The set of conventional rules for polite behavior in society or among members of a particular profession or group.
Persuasion
Persuasion is the act of influencing or convincing others to agree with a point of view, idea, or behavior through argument, appeal, or discussion.
Reciprocity
A mutual exchange of privileges or services between parties, where both benefit from the arrangement.
Consistency
The state or characteristic of being uniform, unchanging, and reliable over time.
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