On November 2, 2020, Yakima Company has cash sales of $7,000 from merchandise having a cost of $3,900. The entries to record the day's cash sales will include a:
A) $3,900 credit to Cost of Goods Sold.
B) $7,000 credit to Cash.
C) $3,900 credit to Inventory. d $7,000 debit to Accounts Receivable.
Correct Answer:
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