Argus sells auto parts. On August 1, a customer purchases parts for $3,900 cash. The parts cost Argus $1,300. Argus uses the perpetual inventory method.
Required: Prepare the necessary entries to record the sale.

Question

Quizplus · Accepted Answer

The Answer of Argus sells auto parts. On August 1, a customer purchases parts for $3,900 cash. The parts cost Argus $1,300. Argus uses the perpetual inventory method.
Required: Prepare the necessary entries to record the sale.

Argus Sells Auto Parts