a-consignee-sells-consigned-goods-for-3000-earning-a-300-commission-what-is-the-

Question

A consignee sells consigned goods for $$3,000, earning a 300 $$commission. What is the journal entry to record this transaction?

Accepted Answer

Debit Cash $$3,000; Credit Revenue 300$$; Credit Liability $2,700

Answer

Debit Cash $$3,000; Credit Revenue 300$$; Credit Liability $3,000

Answer

Debit Cash $$2,700; Credit Revenue 300$$

Answer

Debit Cash $$3,000; Credit Revenue 3$$,000

A consignee sells consigned goods for \$3,000, earning a \$300 commission. What is the journal entry to record this transaction?