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Home Q & A Board Other Fields Homework Help Business Accounting
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harra harra
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6 years ago
If a company uses a periodic inventory system, which of the following entries is required to record the sale of merchandise on credit?
A)
Accounts Receivable
Sales Revenue

B)
Purchases
Cost of Goods Sold

C)
Cost of Goods Sold
Purchases

D)
Accounts Payable
Sales Revenue
Textbook 
Accounting, Volume 1, Canadian Edition

Accounting, Volume 1, Canadian Edition


Edition: 9th
Authors:
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KryzenKryzen
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#1
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6 years ago
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harra Author
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#2
6 years ago
Very timely, excellent answer
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