Answered

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. Best Care Pharmacy Ltd (BCPL) sold some medication with a cost of $400 for $900 on account. Assuming BCPL uses the periodic inventory system, the entry to record the cost of medicine sold would be ______. a. None of the listed b. Dr. Sales Revenue and Cr. Accounts Receivable for $900 c. Dr. Cost of Goods Sold and Cr. Merchandise Inventory for $400 d. Dr. Accounts Receivable and Cr. Sales Revenue for $900

Sagot :

Jomariflores400lidn

Answer:

The answer is C.

Explanation:

Dr. Cost of Goods Sold and Cr. Merchandise Inventory for $400

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