In recording the cost of goods sold based on data available from perpetual inventory records, the journal entry is a a$.$ debit to Merchandise Inventory and a credit to Cost of Merchandise Sold b$.$ debit to Accounts Receivable and a credit to Merchandise Inventory $.$ debit to Cost of Merchandise Sold and a credit to Sales d$.$ debit to Cost of Merchandise Sold and a credit to Merchandise Inventory

Answer rating: 100% (QA)

In the context of accounting when recording the cost of goods sold based on data available from perp... View the full answer