Stock at 30 June 2012 was valued at cost $5200 and the net realization value $5300. With selling...

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Stock at 30 June 2012 was valued at cost $5200 and the net realization value $5300. With selling costs $200. What general journal entry?

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Question: 
Stock at 30 June 2012 was valued at cost $5200 and the net realization value $5300. With selling costs 
$200. What general journal entry?
Solution:
Cash Dr.  5300 
    To Sales $5300
Selling Expense Dr.  $200 
    To Cash $200
Cost of goods sold Dr.

Stock at 30 June 2012 was valued at cost $5200 and the net realization value $5300. With selling costs $200. What general journal entry?

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