Business, 20.08.2020 03:01, aliciatorrescollins

When merchandise is sold and the perpetual system of inventory is used, the journal entry for a sale would include:.a. debiting Cost of Goods Sold and crediting Accounts Receivable. b. debiting Accounts Receivable and crediting Sales. c. debiting Accounts Receivable and crediting Cost of Goods Sold. d. debiting Accounts Receivable and crediting Inventory.

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When merchandise is sold and the perpetual system of inventory is used, the journal entry for a sale...