We originally bought 200 marbles for $8000 total. We then sold 135 marbles for $100 each on account. Show the journal entry for the sale. 1a) 1b) 1c) 1d) 1e) Show the journal entry on the accounting equation Show the COGS and ending balance of your inventory in the Inventory general Ledges From this problem, what are the amounts shown on Income Statement? From this problem, what is the amount shown on the Balance Sheet?

We originally bought 200 marbles for $8000 total. We then sold 135 marbles for $100 each on account. Show the journal entry for the sale. 1a) 1b) 1c) 1d) 1e) Show the journal entry on the accounting equation Show the COGS and ending balance of your inventory in the Inventory general Ledges From this problem, what are the amounts shown on Income Statement? From this problem, what is the amount shown on the Balance Sheet?

Quickbooks Online Accounting

3rd Edition

ISBN:9780357391693

Author:Owen

Publisher:Owen

Chapter10: Financial Statements And Reports

Section: Chapter Questions

Problem 2.4C

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