Question: need help with these ASAP Using a perpetual inventory system, how should a company record the sale of toiventory costing S440 for $1990 on account?
Using a perpetual inventory system, how should a company record the sale of toiventory costing S440 for $1990 on account? 1 Inventory 440 Cost of Goods Sold 440 Sales Revenue 1,190 Accounts Receivable 1,190 2. Accounts Receivable 1,190 Sales Revenue 1,190 cost of Goods sold 440 Inventory 440 3. Inventory 440 Gain 750 Sales Revenue 1,190 4. Accounts Receivable 1,190 Sales Revenues 440 Gain 750
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