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Business, 10.12.2019 03:31 victoriay3

Suppose your company sells goods for $340, of which $220 is received in cash and $120 is on account. the goods cost your company $133 and were paid for in a previous period. your company also recorded salaries and wages of $90, of which only $34 has been paid in cash. record the sales revenue of $200 for cash and $100 on account and record the cost of goods sold of $125 using one journal entry 2. record the salaries and wages expense of $70. journal entry has been entered

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Suppose your company sells goods for $340, of which $220 is received in cash and $120 is on account....
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