Accountancy, asked by acmrazi, 9 months ago

FarmCo sold a tractor for $40,000 that they initially purchased for $30,000 cash from John Deere. How is the $30,000 journalized?

Select an answer:

1as a credit to Assets

2as a liability

3as revenue

4as cost of goods sold

Answers

Answered by LEGEND778

2

Answer:

4as cost of goods sold

Explanation:

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