Multiple Choice
The account distribution for sales of inventory on account is:
A) Debit Merchandise Inventory and Accounts Receivable; credit Cost of Goods Sold and Sales.
B) Debit Accounts Receivable/customer and Cost of Goods Sold; credit Sales and Merchandise Inventory.
C) Debit Accounts Payable/vendor and Cost of Goods Sold; credit Accounts Receivable/customer and Checking.
D) None.
Correct Answer:

Verified
Correct Answer:
Verified
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