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Question 25 O out of 2 point The Corbit Corp. sold merchandise for $10,000 cash. The cost of the merchandise sold was $7,590. The journal entries to record this transaction under the perpetual inventory system would be Question 26 O out of 2 points When purchases of merchandise are made on account with a perpetual inventory system, the transaction is recorded with which entry? Question 27 0 out of 2 points When comparing a retail business to a service business, the financial statement that changes the most is the Question 28 O out of 2 points If the seller is to pay the freight costs of delivering merchandise, the delivery terms are stated as Question 29 O out of 2 points If the buyer is to pay the freight costs of delivering merchandise, delivery terms are stated as