Business, 20.11.2020 16:30 oprajapati

In Mynex Company completes Job No. 26 at a cost of $4,500 and later sells it for $7,000 cash. A correct entry is:.a. debit Cost of Goods Sold $7,000 and credit Finished Goods Inventory $7,000. b. debit Finished Goods Inventory $4,500 and credit Work in Process Inventory $4,500. c. debit Finished Goods Inventory $7,000 and credit Work in Process Inventory $7,000. d. debit Accounts Receivable $7,000 and credit Sales Revenue $7,000.

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In Mynex Company completes Job No. 26 at a cost of $4,500 and later sells it for $7,000 cash. A corr...

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