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14 November, 21:05

On october 4, 2017, terry corporation had credit sales transactions of $2,500 from merchandising having a cost of $1,900. the entries to record the day's credit transactions include

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  1. 15 November, 01:05
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    I believe that this problem has the following choices:

    > a debit of $2,500 to Merchandise Inventory.

    > a credit of $2,500 to Sales.

    > a debit of $1,900 to Merchandise Inventory.

    > a credit of $1,900 to Cost of Goods Sold.

    The correct answer from the choices is:

    > a credit of $2,500 to Sales
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