Top Posters
Since Sunday
g
3
3
2
J
2
p
2
m
2
h
2
s
2
r
2
d
2
l
2
a
2
Home Q & A Board Other Fields Homework Help Business Accounting
New Topic  
H3Ko H3Ko
wrote...
Go to Answer
Posts: 4891
Rep: 45 0
7 years ago
Under the perpetual inventory system, the journal entry to record cost of goods sold:

A) Merchandise Inventory   XX   
       Sales      XX

B) Sales   XX   
       Merchandise Inventory      XX

C) Cost of Goods Sold   XX   
       Sales      XX

D) Cost of Goods Sold   XX   
       Merchandise Inventory      XX
Textbook 
Horngren's Financial & Managerial Accounting, The Financial Chapters

Horngren's Financial & Managerial Accounting, The Financial Chapters


Edition: 5th
Authors:
Read 349 times
2 Replies
Replies
Answer verified by a subject expert
TanksTanks
wrote...
#1
Top Poster
Posts: 1274
Rep: 237 0
7 years ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
1

Related Topics

H3Ko Author
wrote...
#2
7 years ago
I posted this question a while back then forgot to check the forum lol Thanks for answering, you were right
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  939 People Browsing
 152 Signed Up Today
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Live Chat
Related Images
  
 693
  
 272
  
 660
Your Opinion
Which industry do you think artificial intelligence (AI) will impact the most?
Votes: 352
Previous poll results: Which of the following is the best resource to supplement your studies: