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23 December, 09:48

utomobiles sold an automobile for $ 30 comma 000 on account. The cost of the automobile was $ 16 comma 660. The sale of the automobile came with one year of free oil changes valued at $ 340. What would be the journal entry to record the sale?

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  1. 23 December, 12:57
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    Dr Accounts Receivable 30,000

    Cr Sales Revenue 46,320

    Cr Service revenue 340

    Dr Cost of goods sold 16,660
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