Davis Hardware Company uses a periodic inventory system. How should Davis record the sale of inventory costing $620 for $960 on account? 1. Cost of Goods Sold 620 Purchases 620 Accounts Receivable 960 Sales Revenue 960 2. Accounts Receivable 960 Sales Revenue 960 3. Purchases 620 Gain 340 Sales Revenue 960 4. Accounts Receivable 960 Sales Revenue 620 Gain 340
+4
Answers (2)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Davis Hardware Company uses a periodic inventory system. How should Davis record the sale of inventory costing $620 for $960 on account? 1. ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Home » Business » Davis Hardware Company uses a periodic inventory system. How should Davis record the sale of inventory costing $620 for $960 on account? 1. Cost of Goods Sold 620 Purchases 620 Accounts Receivable 960 Sales Revenue 960 2.