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Home Q & A Board Other Fields Homework Help Business Accounting
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tivo tivo
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7 years ago
When merchandise is sold and the perpetual system of inventory is used, the journal entry to record a sale of merchandise on account would include:
A) debiting Accounts Receivable and crediting Sales.
B) debiting Accounts Receivable and crediting Inventory.
C) debiting Accounts Receivable and crediting Cost of Goods Sold.
D) debiting Cost of Goods Sold and crediting Accounts Receivable.
Textbook 
Financial Accounting

Financial Accounting


Edition: 3rd
Authors:
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largerthanlifelargerthanlife
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tivo Author
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#2
7 years ago
I appreciate it once again, answered correctly
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