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On November 2, 2014, Griffey Company has cash sales of 7,000 from merchandise having a...

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Accounting

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On November 2, 2014, Griffey Company has cash sales of 7,000 from merchandise having a cost of 5,000. The entries to record the day's cash sales will include a. a 5,000 credit to Cost of Goods Sold O b. a 5,000 credit to Inventory C. a 7,000 debit to Accounts Receivable d. a 7,000 credit to Cash

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