What Journal Entry Is Required When Inventory Is Sold During $\mathrm { Cr }$

Multiple Choice

What journal entry is required when inventory is sold during the year under the periodic inventory system?

A) Dr Cost of goods sold
$\mathrm { Cr }$ Inventory
B) Dr Cost of goods sold
$\mathrm { Cr }$ Inventory
Cr Purchases
C) $$\text { No Journal Entry is made }$$
D) Dr Purchases
$\mathrm { Cr }$ Accounts Payable