Bob makes a sale to John for 455,000, with a cost of 265,000. Record the entry for the Sale. Particular Accounts Receiva

Business, Finance, Economics, Accounting, Operations Management, Computer Science, Electrical Engineering, Mechanical Engineering, Civil Engineering, Chemical Engineering, Algebra, Precalculus, Statistics and Probabilty, Advanced Math, Physics, Chemistry, Biology, Nursing, Psychology, Certifications, Tests, Prep, and more.
Post Reply
answerhappygod
Site Admin
Posts: 899603
Joined: Mon Aug 02, 2021 8:13 am

Bob makes a sale to John for 455,000, with a cost of 265,000. Record the entry for the Sale. Particular Accounts Receiva

Post by answerhappygod »

Bob Makes A Sale To John For 455 000 With A Cost Of 265 000 Record The Entry For The Sale Particular Accounts Receiva 1
Bob Makes A Sale To John For 455 000 With A Cost Of 265 000 Record The Entry For The Sale Particular Accounts Receiva 1 (17.05 KiB) Viewed 9 times
Bob makes a sale to John for 455,000, with a cost of 265,000. Record the entry for the Sale. Particular Accounts Receivable Cash COG Sold Inventory Debit $445,000 $265,000 Credit On Jan 31st John pays the amount record the entry? $445,000 $265,000 Bob determines the amount to be uncollectible on Dec 31st record the entry using the Allowance for Doubtful Accounts Write off method
Join a community of subject matter experts. Register for FREE to view solutions, replies, and use search function. Request answer by replying!
Post Reply