Question: Using a perpetual inventory system, how should a company record the sale of inventory costing $ 5 1 0 for $ 1 , 0 9

Using a perpetual inventory system, how should a company record the sale of inventory costing $510 for $1,090 on account?
EventAccount TitleDebitCredit1.Inventory5101.Cost of Goods Sold5101.Sales Revenue1,0901.Accounts Receivable1,0902.Accounts Receivable1,0902.Sales Revenue1,0902.Cost of Goods Sold5102.Inventory5103.Inventory5103.Gain5803.Sales Revenue1,0904.Accounts Receivable1,0904.Sales Revenues5104.Gain580

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