Embark Produces Mulch for Landscaping Use

question 88

Multiple Choice

Embark produces mulch for landscaping use. The following information summarizes production operations and sales activities for June. The journal entry to record June sales is:

• A) Debit Accounts Receivable $810,000; credit Cost of Goods Sold $810,000.
• B) Debit Accounts Receivable $810,000; credit Sales $366,000; credit Finished Goods Inventory $444,000.
• C) Debit Cost of Goods Sold $444,000; credit Sales $444,000.
• D) Debit Finished Goods Inventory $444,000; debit Sales $810,000; credit Accounts Receivable $810,000; credit Cost of Goods Sold $444,000.
• E) Debit Accounts Receivable $810,000; credit Sales $810,000; debit Cost of Goods Sold $444,000; credit Finished Goods Inventory $444,000.

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Definitions:

Cholera

An infectious disease caused by the bacterium Vibrio cholerae, leading to severe diarrhea and dehydration.

Spirillum

A spiral-shaped bacterium.

Parasite

An organism that lives on or in another organism and relies on it for nourishment or some other advantage to the detriment of the host organism.

Viruses

Microscopic infectious agents that can replicate only inside the living cells of an organism and are capable of causing diseases.