The Entry to Record the Cost of Merchandise Inventory Sold

Multiple Choice

The entry to record the cost of merchandise inventory sold involves a

A) debit to Merchandise Inventory and a credit to Sales Revenue.
B) debit to Cost of Goods Sold and a credit to Merchandise Inventory.
C) debit to Merchandise Inventory and a credit to Cost of Goods Sold.
D) debit to Cost of Goods Sold and a credit to Sales Revenue.
E) debit to Merchandise Inventory and a credit to Accounts Receivable.