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A company sold merchandise with a cost of $ 210 for $ 360 on account....

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Question

Accounting

A company sold merchandise with a cost of $ 210 for $ 360 on account. The seller uses the perpetual inventory system. The entry to record the cost of merchandise sold would include________.
Question content area bottom
Part 1
A.
a debit to Sales Revenue and a credit to Cash for $ 360
B.
a debit to Cash and a credit to Sales Revenue for $ 360
C.
a debit to Merchandise Inventory for $ 210 and a credit to Cost of Goods Sold for $ 210
D.
a debit to Cost of Goods Sold and a credit to Merchandise Inventory for $ 210

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