Question: Using a perpetual inventory system, how should a company record the sale of inventory costing $460 for $970 on account? 1. 460 460 970 970

 Using a perpetual inventory system, how should a company record the

Using a perpetual inventory system, how should a company record the sale of inventory costing $460 for $970 on account? 1. 460 460 970 970 2 970 970 460 Inventory Cost of Goods Sold Sales Revenue Accounts Receivable Accounts Receivable Sales Revenue Cost of Goods Sold Inventory Inventory Gain Sales Revenue Accounts Receivable Sales Revenues Gain 460 3. 460 510 970 4. 970 460 510 Multiple Choice Option 2 Option 1 O O Option 3 O Optiona Option 4

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