On September 12,Ryan Company Sold Merchandise in the Amount of $5,800
Question 153
Question 153
Multiple Choice
On September 12,Ryan Company sold merchandise in the amount of $5,800 to Johnson Company,with credit terms of 2/10,n/30.The cost of the items sold is $4,000.Ryan uses the periodic inventory system and the net method of accounting for sales.The journal entry or entries that Ryan will make on September 12 is (are) :
A) Sales Accourits receivable 5,8005,800 B) Accourts receivable Sales Cost of goods sold Merchandise Irventory 5,6844,0005,6844,000 C) Accourits receivable Sales 5,8005,800 D) Accourts receivable Sales Cost of goods Sold Merchandise irventory 5,8004,0005,8004,000 E) Accounts receivable Sales 5,6845,684
Correct Answer:
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