Question: This test: 100 point(s) possible st - Graded Question 10 of 20 This question: 4 point(s) possible Submit test Landon Jewelers uses the perpetual inventory

This test: 100 point(s) possible st - GradedThis test: 100 point(s) possible st - GradedThis test: 100 point(s) possible st - Graded
This test: 100 point(s) possible st - Graded Question 10 of 20 This question: 4 point(s) possible Submit test Landon Jewelers uses the perpetual inventory system. On April 2, Landon sold merchandise with a cost of $2,500 for $8,000 to a customer on account with terms of K 5/15, n/30. The journal entry to record the cost of goods sold would be: O A. Cost of Goods Sold 2,500 Accounts Receivable 2,500 OB. Merchandise Inventory 2,500 Cost of Goods Sold 2,500 O C. Sales Revenue 2,50 Cost of Goods Sold 2,500 O D. Cost of Goods Sold 2,500 Merchandise Inventory 2,500 10 Time Remaining: 01:18:53 Next up insert prt.scr delete # $ % 3 & 5 backspace,Question 11 of 20 From the following details, calculate net sales revenue. K Sales Revenue $400,000 Sales Discounts Forfeited 8,000 Cost of Goods Sold 280,000 Operating Expenses 76,000 Interest Revenue 6,000 O A. $392,000 O B. $414,000 O C. $408,000 O D. $400,000 3

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