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Business, 06.12.2019 06:31 elijahcraft3

Suppose your company sells goods for $370, of which $235 is received in cash and $135 is on account. the goods cost your company $139 and were paid for in a previous period. your company also recorded salaries and wages of $105, of which only $37 has been paid in cash.1. 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 $370, of which $235 is received in cash and $135 is on account....

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