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Which of the Following Journal Entries Is One of the Entries

Question 30

Multiple Choice

Which of the following journal entries is one of the entries made to record a credit sale under the perpetual inventory system?


A) DR Cost of goods sold \quad\quad\quad CR Inventory
B) DR Cost of goods sold \quad\quad\quad CR Sales
C) DR Inventory \quad\quad\quad\quad\quad\quad CR Cost of goods sold
D) DR Accounts receivable \quad\quad CR Sales

Correct Answer:

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