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Kitty [74]
2 years ago
5

If merchandise costing $500 is sold on account for $620, how is this transaction recorded when using a perpetual inventory syste

m
Business
1 answer:
kipiarov [429]2 years ago
5 0

Answer:

Explanation:

Debit Accounts Receivable and credit Sales Revenue for $620;

DEBIT: Cost of Goods Sold CREDIT: Inventory for $500

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D

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Answer:

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To learn more about taxes, please check: brainly.com/question/25311567

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