Accrual Accounting Question?

Accrual Basis- March 1st to March 31st:
The company sells $10,000 of the inventory for $12,000. The company allows customer to buy on portrayal. (COGS 10k)
Did I journalize right?
Accounts Receivable 12,000
*Sales Revenue 12,000
how do i characterize the other 2,000


Answers:    You were partly way in attendance.

Debit AR $12,000
Credit Sales $12,000
Debit COGS $10,000
Credit Inventory $10,000
its 2 entries
D- COGS C-Inventory $10,000
D-AR C-Sales $12,000
if it is perpetual inventory system:
AR=12000
*Sales=12000
COGS=10000
*Merchandise Inventory=10000

if it is periodic inventory system:
AR=12000
*Sales=12000


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