On October 4, 2015, Terry Corporation had sales on account of $2,500 from selling merchandise which had cost $1,900. The entries to record the day's sales would include:

A. a debit of $1,900 to Inventory
B. a debit of $2,500 to Inventory
C. a credit of $1,900 to Cost of Goods Sold
D. a credit of $2,500 to Sales

Ans: D. a credit of $2,500 to Sales

Business

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