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1123Record the cost of the sale, $3,600.eBookHintNote: Enter debits before credits.PrintTransactionGeneral JournalDebitCreditferences2-b.Cost of goods soldMerchandise inventory

Question
1
1
2
3
Record the cost of the sale, $3,600.
eBook
Hint
Note: Enter debits before credits.
Print
Transaction
General Journal
Debit
Credit
ferences
2-b.
Cost of goods sold
Merchandise inventory
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1 1 2 3 Record the cost of the sale, $3,600. eBook Hint Note: Enter debits before credits. Print Transaction General Journal Debit Credit ferences 2-b. Cost of goods sold Merchandise inventory

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The cost of goods sold needs to be recorded when sales revenue is recognised in books as per the matching principle. To record...

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