Question: Question 1 7 of 5 2 - / 1 View Policies Current Attempt in Progress Under the perpetual inventory system, in addition to making the
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View Policies
Current Attempt in Progress
Under the perpetual inventory system, in addition to making the entry to record Sales Revenue, a company will
make no additional entry until the end of the period.
increase Cost of Goods sold and decrease Inventory.
increase Cost of Goods Sold and decrease Purchases.
increase Inventory and increase Cost of Goods Sold.
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