The journal entry for recording cost of sales is to debit cost of sales expense and credit the inventory account.

Name: The journal entry for recording cost of sales is to debit cost of sales expense and credit the inventory account.
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Question

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Debiting cost of sales expense increases the expense on the income statement, reflecting the cost of goods sold during the period. Crediting the inventory account decreases the asset on the balance sheet, reflecting the reduction in inventory due to sales.

The Journal Entry for Recording Cost of Sales Is to Debit