Triangle Company Sold a Product on Credit for $2,235 to Hexagon

question 46

Multiple Choice

Triangle Company sold a product on credit for $2,235 to Hexagon Sales.The cost of goods sold was $1,324.Assuming Triangle is following a perpetual inventory system and using a sales journal,it will record $2,235 in the ________.

• A) Accounts Receivable CR, Sales Revenue DR column
• B) Cost of Goods Sold DR, Merchandise Inventory CR column
• C) Merchandise Inventory DR, Cost of Goods Sold CR column
• D) Accounts Receivable DR, Sales Revenue CR column

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Definitions:

Nucleic Acid

A complex organic substance present in living cells, especially DNA or RNA, whose molecules consist of many nucleotides linked in a long chain.

Protein Coat

A protective layer surrounding the genetic material of a virus, known as a capsid, which helps in attaching the virus to host cells and facilitating viral entry.

Infectious Agent

A biological pathogen that has the ability to cause disease or illness in its host, including viruses, bacteria, fungi, and parasites.

Eukaryotic Organism

An organism whose cells contain a nucleus enclosed within a membrane, distinct from prokaryotes like bacteria.