Under the Perpetual Inventory System, in Addition to Making the Entry

Multiple Choice

Under the perpetual inventory system, in addition to making the entry to record a sale, a company would

A) debit Inventory and credit Cost of Goods Sold.
B) debit Cost of Goods Sold and credit Purchases.
C) debit Cost of Goods sold and credit Inventory.
D) make no additional entry until the end of the period.