Recording jobs shipped and customers billed would include a debit to
A) Accounts Payable
B) Cash
C) Finished Goods
D) Cost of Goods Sold

Question

Quizplus · Accepted Answer

Recording jobs shipped and customers billed involves recognizing the cost of the goods that were sold. This is done by debiting Cost of Goods Sold, which reflects the expense related to the goods that have been sold during the period.

Recording Jobs Shipped and Customers Billed Would Include a Debit