Question: 1. in a perpetual inventory system, what journal entry does a company make to record the cost part of a sale on account? a. debits

1. in a perpetual inventory system, what journal entry does a company make to record the cost part of a sale on account? a. debits accounts receiveable and credits sales. b. debits cash and credits account receiveable. c. debits cash, debit sales discounts, and credits accounts receiveable. d. debits cost of goods and credits merchandise inventory.

2.in a perpetual inventory system, what journal entry does a company make to record the revenue? a. debits accounts receiveable and credits sales. b. debits cash and credits sales c. debits sales and credit accounts receiveable d. debits sales and credits cash

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