Under the Perpetual System,when Merchandise Is Sold the Journal Entry

Multiple Choice

Under the perpetual system,when merchandise is sold the journal entry would include a:

A) debit to Merchandise Inventory;credit to Accounts Payable or Cash.
B) debit to Cost of Goods Sold;credit to Merchandise Inventory.
C) debit to Accounts Receivable or Cash and a credit to Sales.
D) Both B and C are correct.