Question: Using a perpetual inventory system, the sellers journal entry to record the cash sale of merchandise would include: Select one: a.Debit Inventory, Credit COGS Debit

Using a perpetual inventory system, the sellers journal entry to record the cash sale of merchandise would include:

Select one:

a.Debit Inventory, Credit COGS

Debit Cash, Credit Sales

b.Debit Cash, Credit Sales

Debit COGS, Credit Inventory

c. Debit Sales, Credit COGS

Debit Inventory, Credit Cash

d.Debit COGS, Credit Inventory

Debit Sales, Credit Cash

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