when merchandise is sold and the perpetual syatem of inventory is used, the journal entry for the sale would require: | |
a. bebiting accounts receivable and crediting merchandise inventory for the same account.
b. debiting accounts receivable and crediting cost of goods sold for the same amount.
c. debiting cost of goods sold and crediting merchandise inventory for the same amount.
d. debiting cost of goods sold and crediting sales for the same amount.
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