Debit Cash / bank / accounts receivable xxxx
Credit Sales revenue xxxx
Debit cash / bankdebit loss (if any)Credit inventory account
To record the purchase of physical inventory: Dr. inventory Cr. cash To record sale of physical inventory: Dr. cost of goods sold Cr. inventory
debit accounts receivablecredit sales revenue
Debit cash / bankCredit equipment
debit cash / bank / accounts receivablecredit sales revenue
Debit cash / bankdebit loss (if any)Credit inventory account
To record the purchase of physical inventory: Dr. inventory Cr. cash To record sale of physical inventory: Dr. cost of goods sold Cr. inventory
debit accounts receivablecredit sales revenue
Sales >>>Cash/Accounts Rec/NotesRec Cost of Goods Sold >>>Merchandise Inventory
Debit cash / bankCredit equipment
Debit accounts receivableCredit sales revenue
debit cost of salescredit cash / bank
debit cash / bank / accounts receivablecredit sales revenue
debit accounts receivablecredit sales revenue
Installment A/r(dr) Installment sales(cr)
debit accounts receivablecredit land account
To record a journal entry for sales, the possession of goods or services is transferred from business to client or end user.