Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. what is journal entries to record sale of goods on

what is journal entries to record sale of goods on credit for 100000dollars that cost...

50.1K

Verified Solution

Question

Accounting

what is journal entries to record sale of goods on credit for 100000dollars that cost 60000dollars?

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

Q

Sun Corporation received a charter that authorized the issuanceof 96,000 shares of $3 par...

Accounting
Q

One source for new salespeople is recruiting from competitors. Identify and explain pros and cons of...

General Management
Q

D A mass m moving horizontally along the x axis with velocity v collides and...

Physics
Q

If DE 4u and DG u 24 find the value of u that makes quadrilateral...

Geometry
Q

A rectangular prism has a length of 20 meters, a height of 12 meters, and...

Basic Math
Q

Which of the following individuals who occurs the loss of their principal residence due to...

Accounting
Q

July 1 Purchased equipment, paying $3,200 cash and signing a 2-year note payable for $16,000....

Accounting
Q

Investors can cope with accounting principles in different ways. Can you suggest two methods of...

Accounting
Q

Shown here is an income statement in the traditional format for a firm with a...

Accounting
Q

Your company has earnings per share of $3. It has 1 million shares outstanding, each...

Finance
Q

Tos has a loan with an effective rate per payment period of \0.33290. The principal...

Finance
Q

Can the same asset or liability can have both short-term and long-term components and provide...

Accounting