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A Company That Uses the Perpetual Inventory System Sold Goods

Question 115

Multiple Choice

A company that uses the perpetual inventory system sold goods for $2,500 to a customer on account.The company had purchased the inventory for $500.Which of the following journal entries correctly records the cost of goods sold?


A)
A company that uses the perpetual inventory system sold goods for $2,500 to a customer on account.The company had purchased the inventory for $500.Which of the following journal entries correctly records the cost of goods sold? A) B) C) D)
B)
A company that uses the perpetual inventory system sold goods for $2,500 to a customer on account.The company had purchased the inventory for $500.Which of the following journal entries correctly records the cost of goods sold? A) B) C) D)
C)
A company that uses the perpetual inventory system sold goods for $2,500 to a customer on account.The company had purchased the inventory for $500.Which of the following journal entries correctly records the cost of goods sold? A) B) C) D)
D)
A company that uses the perpetual inventory system sold goods for $2,500 to a customer on account.The company had purchased the inventory for $500.Which of the following journal entries correctly records the cost of goods sold? A) B) C) D)

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