Question: 1 ) A customer comes into our retail store, and purchases merchandise with a credit card. Our inventory account decreases $ 3 4 0 as

1) A customer comes into our retail store, and purchases merchandise with a credit card. Our inventory account decreases $340 as a result of this transaction.
A. The amount of cost of goods sold will be $340.
B. There will not be any cost of goods sold in this situation.

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