Question 8 (2 points) In a perpetual inventory system, the Cost of Goods Sold account is used a) only when a cash sale of merchandise occurs. b) only when a credit sale of merchandise occurs. c) only when a sale of merchandise occurs. d) whenever there is a sale of merchandise or a return of merchandise. Question 9 (2 points) In a perpetual inventory system, the Cost of Goods Sold account is used a) on a monthly basis. b) on an annual basis. c) with each sale. d) on a daily basis. Question 10 (2 points) Freight costs paid by a seller on merchandise sold to customers will cause an increase a) to a contra-revenue account of the seller. b) in operating expenses of the seller. Oc) in the selling expenses of the buyer. d) to the cost of goods sold of the seller. Question 11 (2 points) On October 4, 2020, TJ Corporation had credit sales transactions of $4,800 from merchandise having cost $2,880. The entries to record the day's credit transactions include a a) a debit of $4,800 to Inventory. Ob) $4,800 to Sales Revenue. Oc) debit of $2,880 to Inventory. d) credit of $2,880 to Cost of Goods Sold (COGS)