Multi corporation sold merchandise for 4450 to susan on, Financial Accounting

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Multi corporation sold merchandise for 4450 to susan on

Multi Corporation sold merchandise for $4,450 to Susan on credit. The cost of goods sold was $1,185. Assuming that the firm is following a perpetual inventory system, it will record $4,450 in the general journal. Accounts Receivable DR, Sales Revenue CR column of the sales journal. Merchandise Inventory DR column of the purchases journal. Accounts Receivable CR column of cash receipts journal.

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Financial Accounting: Multi corporation sold merchandise for 4450 to susan on

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