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Using a perpetual inventory system, the sale of inventory on account is recorded with a:...

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Accounting

Using a perpetual inventory system, the sale of inventory on account is recorded with a:

Multiple Choice (choose one)

  • Debit to cost of goods sold.

  • Credit to inventory.

  • Credit to sales revenue.

  • All of the other answers are recorded with the sale of inventory on account.

Answer & Explanation Solved by verified expert
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