Under a periodic inventory system, which of the following journal entries are booked at the time goods

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Under a periodic inventory system, which of the following journal entries are booked at the time goods with a purchase price of $200 are sold to the customer for $500:

a. Dr. Purchases $500
Cr. Sales $500

b. Dr. A/R $500
Cr. Inventory $500

c. Dr. A/R $500
Cr. Sales $500

d. Dr. A/R $500
Cr. Sales $500

e. Dr. Inventory $200
Cr. Cost of Goods Sold $200

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Fundamental Accounting Principles Volume I

ISBN: 978-1260305821

16th Canadian edition

Authors: Kermit Larson, Tilly Jensen, Heidi Dieckmann

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Question Posted: Dec 12, 2019 01:51 PM

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Under a periodic inventory system, which of the following journal entries are booked at the time goods

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Fundamental Accounting Principles Volume I

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