Question: Multiple Select Question Select all that apply Every merchandise sale has 2 components which require an entry in a perpetual inventory system. Select these two
Multiple Select Question Select all that apply Every merchandise sale has 2 components which require an entry in a perpetual inventory system. Select these two components given the sale was made on account to a customer. Debit Inventory and credit Cost of Goods Sold in the amount of the cost times the quantity sold D Debit Cost of Goods Sold and credit Inventory in the amount of the cost times the quantity sold Debit Accounts Receivable and credit Sales Revenue in the amount of the selling price times the quantity sold Debit Inventory and credit Accounts Payable in the amount of the selling price times the quantity sold Debit Sales Revenue and credit Accounts Receivable in the amount of the selling price times the quantity sold
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