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  3. a company sold merchandise with a cost of $220 for

A company sold merchandise with a cost of $220 for $450 on account. The seller...

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Question

Accounting

A company sold merchandise with a cost of

$220

for

$450

on account. The seller uses the perpetual inventory system. The entry to record the cost of merchandise sold would include ________.

Answer & Explanation Solved by verified expert
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