Under the Perpetual Inventory System,in Addition to Making the Entry

Multiple Choice

Under the perpetual inventory system,in addition to making the entry to record a sale,a company would

A) record an increase in inventory corresponding to the amount of the sale.
B) record a decrease in inventory and an increase in cost of goods sold for the cost of the merchandise sold.
C) record an increase in inventory corresponding to the cost of the inventory.
D) make no additional entry until the end of the period.