The total of the cost of sales on account column recorded in the sales journal, is posted using the following entry:

Name: The total of the cost of sales on account column recorded in the sales journal, is posted using the following entry:
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Sales of inventory on account require a debit to Accounts receivable and a credit to Sales at the selling price AND if a perpetual inventory system is used, a debit to COS and a credit to inventory at cost ALSO.

The Total of the Cost of Sales on Account Column