Question: When using a perpetual inventory system, the journal entry to record the cost of merchandise sold is. When using a perpetual inventory system, the journal

When using a perpetual inventory system, the journal entry to record the cost of merchandise sold is.

When using a perpetual inventory system, the journal entry to record the cost of merchandise sold is: No journal entry is made to record the cost of merchandise sold. debit Cost of Merchandise Sold; credit Sales debit Merchandise Inventory: credit Cost of Merchandise Sold debit Cost of Merchandise Sold; credit Merchandise Inventory

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