Description
1.
During the month of March, Wang Company sold merchandise on
account for $9,100. The merchandise had cost Wang $4,900. Which of the
following represents the effects of this transaction on Wang’s financial
statements?
During the month of March, Wang Company sold merchandise on
account for $9,100. The merchandise had cost Wang $4,900. Which of the
following represents the effects of this transaction on Wang’s financial
statements?
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(Points : 2)
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