Under a Perpetual Inventory System, the Journal Entry Needed to Record

Multiple Choice

Under a perpetual inventory system, the journal entry needed to record the sale of a job includes a

A) debit to Cost of Goods Sold account and credit to Sales Revenue account.
B) debit to Finished Goods Inventory account and credit to Cost of Goods Sold account.
C) debit to Sales Revenue account and credit to Accounts Receivable account.
D) debit to Accounts Receivable account and credit to Sales Revenue account.