Question: T 3 # 9 Using a perpetual inventory system, which journal entry(ies) is(are) prepared when two units of merchandise are sold on account? A. debit

T 3 # 9

Using a perpetual inventory system, which journal entry(ies) is(are) prepared when two units of merchandise are sold on account? A. debit Accounts Receivable and credit Sales Revenue; debit Cost of Goods Sold and credit Inventory B. debit Cash and credit Sales Revenue; debit Cost of Goods Sold and credit Inventory C. debit Accounts Receivable and credit Sales Revenue only D. debit Accounts Receivable and credit Sales Revenue; debit Inventory and credit Cost of Goods Sold

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