Lazareth Machine Metals sold inventory to Talla Manufacturing for $5,000 cash. Which of the following is the journal entry made by Lazareth Machine Metals? Assume the periodic inventory system is used
A) Cost of Goods Sold 5,000
Sales 5,000
B) Cash 5,000
Inventory 5,000
C) Accounts Receivable 5,000
Sales 5,000
D) Cash 5,000
Sales 5,000
E) Cash 5,000
Accounts Payable 5,000
D
Business
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