On November 2 2016 Yakima Company has cash sales of $7000 from merchandise having a cost of $3900. The entries to record the day's cash sales will include:
A) a $3900 credit to Cost of Goods Sold.
B) a $7000 credit to Cash.
C) a $3900 credit to Inventory. d a $7000 debit to Accounts Receivable.
Correct Answer:
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