Pizza

Debit Cost of goods sold credit inventory

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Terms in this set (5)

Debit Cost of goods sold credit inventory

Sold goods to customers on account (to record cost of goods sold to customers)

debit cash, credit common stock

Issued stock in exchange for cash

Debt cash credit notes payable

Borrowed cash from bank and signed a note

debit Supplies Expense; credit Supplies

At the end of October recorded the amount of supplies that had been used during the month

Debit cash credit deferred revenue

Received cash for advance payment from customer