On November 2, 2010, Griffey Company has cash sales of $4,200 from merchandise having a cost of $3,000. The entries to record the day's cash sales will include:
A) a $3,000 credit to Cost of Goods Sold.
B) a $4,200 credit to Cash.
C) a $3,000 credit to Merchandise Inventory. d a $4,200 debit to Accounts Receivable.
Correct Answer:
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