Under the perpetual inventory system what is the correct entry to record the cost of the sale of 3 reclining chairs sold to a customer at $1000 por chair? The items were originally purchased on credit at $500 por chair. Canada Co paid salaries of $300 000 during the year and owes $4 400 for three days work carried out before the 31 December 2020 which will not be paid until 3 January 2021. After the adjusting entry for the year ended 31 December 2020