Question

Smart Touch Learning a perpetual Inventory system. On October 8, 2020, Smart Touch Learning sold journal entre for this tale? check all that ply) to compli account with awespre $500 and 70. Which of the towing the regarding the AFGoodrywudhe redd for $270 MB Sales Revenue would be credited for $580 c. Accounts Receivable would be credited for 3500 D. Cost of Goods sold would be debited 1270

Answer 1

A. Finished Goods Inventory would be credited for $270

B. Sales Revenue would be credited for $ 590
D. Cost of Goods Sold would be debited for $ 270

Transaction	General Journal	Debit	Credit
	Accounts Receivable	$590
	Sales Revenue		$590
	Cost of Goods Sold	$270
	Finish Goods Inventory		$270