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A Company Sold Inventory Worth $212 for $330 on Credit

Question 84

Multiple Choice

A company sold inventory worth $212 for $330 on credit.The seller uses the perpetual inventory system.The entry to record the cost of inventory sold would include:


A) a debit to Inventory for $212 and a credit to Cost of sales for $212
B) a debit to Cost of sales and a credit to Inventory for $212
C) a debit to Sales and a credit to Cash for $330
D) a debit to Cash and a credit to Sales for $330

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