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  3. under a perpetual inventory system, which of the f

Under a perpetual inventory system, which of the following journal entries represent the selling transaction,...

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Accounting

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Under a perpetual inventory system, which of the following journal entries represent the selling transaction, if inventory is sold for 500, on credit, and cost 200. Select one: a. Debit A/R, Credit Merchandise Inventory. b. Debit Cash, Credit Sales. O C. Debit Merchandise Inventory, Credit Sales. d. Debit A/R, Credit Sales

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