Question: When using a perpetual inventory system, the journal entry to record the cost of merchandise sold is: A. Dr. Cost of Merchandise Sold Cr. Merchandise

When using a perpetual inventory system, the journal entry to record the cost of merchandise sold is: A. Dr. Cost of Merchandise Sold Cr. Merchandise Inventory B. No journal entry is required. C. Dr. Merchandise Inventory Cr. Cost of Merchandise Sold D. Dr. Cost of Merchandise Sold Cr. Sales

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