Question 11 2 pts When a company sells merchandise inventory on account, the 4 accounts...

60.1K

Verified Solution

Question

Accounting

image
Question 11 2 pts When a company sells merchandise inventory on account, the 4 accounts that will be effected on its general ledger from this transaction are: Sales, Cost of goods sold, cash, inventory Inventory, Accounts payable, Sales, Cost of goods sold Cash, Accounts receivable, Sales, Cost of goods sold Cost of goods sold, Sales, Accounts receivable, Inventory None of the above Question 12 1 pts

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students