A journal entry to record the sale of inventory on account will include a
A)debit to inventory.
B)debit to accounts receivable.
C)debit to sales.
D)credit to cost of goods sold.

Name: A journal entry to record the sale of inventory on account will include a A)debit to inventory. B)debit to accounts receivable. C)debit to sales. D)credit to cost of goods sold.
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Question

Quizplus · Accepted Answer

When inventory is sold on account, accounts receivable is debited to reflect the amount owed by the customer.

A Journal Entry to Record the Sale of Inventory on Account