Journalize the Following Transaction for a Merchandiser That Uses the Perpetual

question 133

Essay

Journalize the following transaction for a merchandiser that uses the perpetual inventory system.
Sold goods for cash,$1,200 (cost $750).Omit explanations.

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Definitions:

Cytosine

A nitrogenous base found in DNA and RNA, pairs with guanine, and plays a role in encoding genetic information.

Poly-A Tail

A stretch of adenine nucleotides added to the 3' end of mRNA molecules in eukaryotic cells, aiding in stability and export from the nucleus.

mRNA

Messenger RNA, a type of RNA that conveys genetic information from DNA to the ribosome, where it specifies the amino acid sequence of the protein product.

Transcription

The process by which the information in a strand of DNA is copied into a new molecule of messenger RNA (mRNA).