On November 2, 2014, Griffey Company has cash sales of €7,000 from merchandise having a cost of €5,000. The entries to record the day's cash sales will include:
A) a €5,000 credit to Cost of Goods Sold.
B) a €7,000 credit to Cash.
C) a €5,000 credit to Inventory. d a €7,000 debit to Accounts Receivable.
Correct Answer:
Verified
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