Question: 19 Using a perpetual inventory system, how should a company record the sale of inventory costing $480 for $960 on account? 480 480 02:42:52 960

 19 Using a perpetual inventory system, how should a company record

19 Using a perpetual inventory system, how should a company record the sale of inventory costing $480 for $960 on account? 480 480 02:42:52 960 960 960 960 480 1. Inventory Cost of Goods Sold Sales Revenue Accounts Receivable 2. Accounts Receivable Sales Revenue Cost of Goods Sold Inventory Inventory Gain Sales Revenue 4. Accounts Receivable Sales Revenues Gain 480 3 . 480 480 960 960 480 480 Multiple Choice Option 1 Option 3 Option 4

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