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gOOvER gOOvER
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6 years ago
To update the inventory records for the sale of merchandise on account under a periodic inventory system, the entry would include:
A) a credit to Inventory.
B) a debit to Accounts Payable.
C) no entry as inventory records are not updated at the time of sale.
D) a debit to Cost of Goods Sold.
Textbook 
Accounting, Volume 1, Canadian Edition

Accounting, Volume 1, Canadian Edition


Edition: 9th
Authors:
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HanoiHanoi
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#1
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6 years ago
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gOOvER Author
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6 years ago
Thanks for your help!!
Shuqin
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Yesterday
Good timing, thanks!
rudy.zondo
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2 hours ago
I appreciate what you did here, answered it right Smiling Face with Open Mouth
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