MANUFA MAKE SELL MANUFACTURING BUSINESS INVENTORY IS THE RAW MATERIALS, WORK-IN-PROGRESS AND FINISHED GOODS MO N10 SSS INTENDS TO SELL TO EARN REVENUE MERCHANDISING BUSINESS INVENTORY IS THE GOODS HELD BY A BUSINESS THAT IT INTENDS TO SELL TO EARN REVENUE NeW Ne Te a3 INTENDS TO SELL TO EARN REVENUE NNN}o NA INS) INVENTORY IS A CURRENT ASSET ie | 0 Nh) INVENTORY, Xi’: Jae Ce eM TT A UO al 2 a BUY SELL Un emo Lod ABD) se. Us coy 3 oD) {ON ACCOUNT)wet Ny JOURNAL ENTRIES RECOGNIZE REVENUE RECORD PURCHASE ets ae 7 Pea Ona 6 $4 CR CASH Av ON ACCOUNT RECOGNIZE REVENUE DR ACCOUNTS RECEIVABLE $7 fea) 10 Cy] RELEASE COST OF GOODS SOLD Coreg DRCOST OF GOODSSOLD $4 > (3 JOURNAL ENTRIES Cece aecercs RECOGNIZE REVENUE PIN to ae Poyece sce CT coors Gra 7 Pets tocifotccen tol) eTeNo DRGOSTOF GOODS SOLD $4 T-ACCOUNTS PesetNtes COST OF H INvextiectd RECEIVABLE REVENUE G60Bs SOLD Oe 7 ey 7 a Py reece ty Posey Renked INVENTORY RECEIVABLE REVENUE Rony ro w Sh SEL SH 7 a ea T-ACCOUNTS Peco} COST OF fo INaxiiesnd RECEIVABLE REVENUE fcorentton) Buy w a7 Ey si A A Ry ray 7 =a Si oi 7ee Cooo EY CASH INVENTORY. awa tes ION 7 a cal $4 $7 NET oa ao foe Saal EVEN ea 79 ASSETS b aera ANDEQUITY $ CURRENT ASSETS CASH ota WN 3} ACCOUNTS RECEIVABLE 7 Vn Li Le a port T= = Rene ss}: 3 cane wenlsssas 3 RETAINED EARNINGS 32 TOTAL EQUITY 3 ro XMU UPL U ING mele COST OF REVENUE GOODS SOLD Ey $4 $7 INCOME STATEMENT FS Vas 7. COST OF Goons soLD (4) cots odls