A journal entry to record the sale of inventory on account will include a debit to Accounts Receivable. debit to Inventory. credit to Cost of Goods Sold. debit to Sales Revenue.
Added by Jill R.
Step 1
The sale of inventory on account means that the customer has not paid for the goods yet, so we need to record the amount owed to us in Accounts Receivable. Therefore, the first answer option is correct: debit to Accounts Receivable. Show more…
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