On March 5th, Blowout Sales makes $22,500.00 in sales on the company’s own credit cards. The cost of merchandise sold are $16,825.00. Journalize the sales and recognition of the cost of merchandise sold.
Darshita Changed status to publish February 17, 2020
| Date: | Account Title | Debit: | Credit: |
| Mar-05 | Accounts Receivable | 22500 | |
| Sales | 22500 | ||
| Mar-05 | Cost of Merchandise Sold | 16825 | |
| Merchandise Inventory | 16825 |
Darshita Changed status to publish February 17, 2020
