On October 4, 2020, TJ Corporation had credit sales transactions of $4,800 from merchandise having cost $2,880. The entries to record the day's credit transactions include a
A) debit of $4,800 to Inventory.
B) credit of $4,800 to Sales Revenue.
C) debit of $2,880 to Inventory.
D) credit of $2,880 to Cost of Goods Sold.
Correct Answer:
Verified
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