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Home Q & A Board Other Fields Homework Help Business Accounting
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majestico majestico
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6 years ago
Under the periodic inventory system, in addition to making the entry to record a sale, a company would:
A) debit Cost of Goods Sold and credit Purchases.
B) debit Merchandise Inventory and credit Cost of Goods Sold.
C) make no additional entry.
D) debit Cost of Goods Sold and credit Merchandise Inventory.
Textbook 
College Accounting: A Practical Approach

College Accounting: A Practical Approach


Edition: 13th
Author:
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keytwokeytwo
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#1
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6 years ago
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majestico Author
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6 years ago
Thanks
jbag1237
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Yesterday
You make an excellent tutor!
mkyoungs
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2 hours ago
Smart ... Thanks!
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