Journal entry to record cost of goods sold
To record sales, we will debit Cash or Accounts Receivable, depending on payment, and credit Sales Revenue. In each case the perpetual inventory system journal shows the debit and credit account together with a brief narrative. On the other hand,…
Journal entry to record cost of goods sold
To record sales, we will debit Cash or Accounts Receivable, depending on payment, and credit Sales Revenue. In each case the perpetual inventory system journal shows the debit and credit account together with a brief narrative. On the other hand,…
Journal entry to record cost of goods sold
To record sales, we will debit Cash or Accounts Receivable, depending on payment, and credit Sales Revenue. In each case the perpetual inventory system journal shows the debit and credit account together with a brief narrative. On the other hand,…
Journal entry to record cost of goods sold
To record sales, we will debit Cash or Accounts Receivable, depending on payment, and credit Sales Revenue. In each case the perpetual inventory system journal shows the debit and credit account together with a brief narrative. On the other hand,…
Journal entry to record cost of goods sold
To record sales, we will debit Cash or Accounts Receivable, depending on payment, and credit Sales Revenue. In each case the perpetual inventory system journal shows the debit and credit account together with a brief narrative. On the other hand,…