A computer manufacturer recently shipped several laptops to a customer (cost: $2

Question

A computer manufacturer recently shipped several laptops to a customer (cost: $25,000) and billed the customer $30,000.  Which of the following options correctly expresses the account that are debited and credited to record this transaction? debits: accounts receivable, finished-goods inventory; credits: sales revenue, cost of goods sold debits: accounts receivable, cost of goods sold; credits: sales revenue, finished-goods inventory debits: sales revenue, cost of goods sold; credits: accounts receivable, finished-goods inventory debits: sales revenue, finished-goods inventory; credits: accounts receivable, cost of goods sold debits: accounts receivable; credits: finished-goods inventory, profit on sale A computer manufacturer recently shipped several laptops to a customer (cost: $25,000) and billed the customer $30,000.  Which of the following options correctly expresses the account that are debited and credited to record this transaction? debits: accounts receivable, finished-goods inventory; credits: sales revenue, cost of goods sold debits: accounts receivable, cost of goods sold; credits: sales revenue, finished-goods inventory debits: sales revenue, cost of goods sold; credits: accounts receivable, finished-goods inventory debits: sales revenue, finished-goods inventory; credits: accounts receivable, cost of goods sold debits: accounts receivable; credits: finished-goods inventory, profit on sale debits: accounts receivable, finished-goods inventory; credits: sales revenue, cost of goods sold debits: accounts receivable, cost of goods sold; credits: sales revenue, finished-goods inventory debits: sales revenue, cost of goods sold; credits: accounts receivable, finished-goods inventory debits: sales revenue, finished-goods inventory; credits: accounts receivable, cost of goods sold debits: accounts receivable; credits: finished-goods inventory, profit on sale

Explanation / Answer

debits: accounts receivable, cost of goods sold; credits: sales revenue, finished-goods inventory

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