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EA19. LO 5.5Prepare the journal entry to record the sale of 2,000 units that cost $8 per unit and sold for $15 per unit.
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EA19.

LO 5.5Prepare the journal entry to record the sale of 2,000 units that cost $8 per unit and sold for $15 per unit.

User Csnewb
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Answer:

Please see explanation:

Step-by-step explanation:

The Journal entries for sale of 2,000 units shall be recorded as:

Journal entry 1

Debit Credit

Accounts Receivable $30,000

(2,000*15)

Revenue $30,000

Journal entry 2

Cost of sales $16,000

(2,000*8)

Inventory $16,000

User Anto
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