A company sold merchandise with a cost of $ 210 for $ 360 on account....
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Accounting
A company sold merchandise with a cost of $ for $ on account. The seller uses the perpetual inventory system. The entry to record the cost of merchandise sold would include
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Part
A
a debit to Sales Revenue and a credit to Cash for $
B
a debit to Cash and a credit to Sales Revenue for $
C
a debit to Merchandise Inventory for $ and a credit to Cost of Goods Sold for $
D
a debit to Cost of Goods Sold and a credit to Merchandise Inventory for $
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