On June 30, Coral, Inc. finished Job 750 with total job costs of $ 4 comma 400, and transferred the costs to Finished Goods Inventory. On July 6, Coral sold goods to a customer for $ 5,800 cash. Which of the following is the correct journal entry to record the cost of goods sold? Assume the perpetual inventory system is used. a. debit Finished Goods Inventory $4,100 and credit Cost of Goods Sold $4,100
b. debit Cost of Goods Sold $4,100 and credit Work-in-Process Inventory $4,100
c. debit Work-in-Process Inventory $4,100 and credit Cost of Goods $4,100
d. debit Cost of Goods Sold $4,100 and credit Finished Goods Inventory $4,100

The correct option is D,debit Cost of Goods Sold $4,100 and credit Finished Goods Inventory $4,100

Explanation:

The total job costs is $4,100 not $4,400 ,which then means that the cost of goods sold is $4,100.

The appropriate entry for such sale is to credit merchandise inventory since the inventory reduces due to such sale being made while cost of goods sold is debited with the same amount.

In a nutshell, the correct option is D,

The promise of restoring mankind to the perfect life that Adam and Eve lost.

Explanation:

Right away, after Adam and Eve sinned, God promised in Genesis 3:15: " I will put enmity between you and the woman and between your offspring and her offspring. He will crush your head, and you will strike him in the heel.” This words were directed to the Serpent, Satan the Devil. God was promising that he was going to send an offspring, this was his son Jesus Christ. Satan was going to be able to strike him in the heel or to make some damage. However, Jesus Christ was going to crush him in the head, thus eliminating him completely and restoring mankind to perfection on a paradise Earth. From Genesis to Revelation, this is central theme of the Scriptures. How God has been working to fulfill his promise of giving eternal life to humans on Earth.