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Business, 19.10.2019 00:00 athenajames1221

Journalize for griffin total december sales and cost of goods sold in two summary entries, under the perpetual system. the selling price was $ 500 per unit and all sales were on credit. assume that griffin uses the fifo inventory method. (record debits first, then credits. exclude explanations from any journal entries.) let's start by recording the entry for december sales. do not yet record the cost related to the sale. we will do this in the next journal entry. journal entry date accounts debit credit accounts receivable 8,000 sales revenue 8,000

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Journalize for griffin total december sales and cost of goods sold in two summary entries, under the...
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