Answered

Westonci.ca connects you with experts who provide insightful answers to your questions. Join us today and start learning! Get quick and reliable answers to your questions from a dedicated community of professionals on our platform. Experience the convenience of finding accurate answers to your questions from knowledgeable experts on our platform.

the company's revenue for the month totaled $950,000 from credit sales, and its cost of goods sold for the month is $540,000. Prepare summary journal entries dated October 31 to record its October production

Sagot :

Parrain

Answer:

Date                     Account Title                                             Debit            Credit

Oct. 31                 Accounts Receivable                           $950,000  

                            Sales                                                                          $950,000

Date                     Account Title                                             Debit            Credit

Oct. 31                  Cost of goods sold                              $540,000

                             Finished goods inventory                                       $540,000

Thank you for choosing our service. We're dedicated to providing the best answers for all your questions. Visit us again. We hope you found this helpful. Feel free to come back anytime for more accurate answers and updated information. Thank you for visiting Westonci.ca. Stay informed by coming back for more detailed answers.