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omeli [17]
3 years ago
12

A company sold merchandise with a cost of​ $217 for​ $390 on account. The seller uses the perpetual inventory system. The entry

to record the cost of merchandise sold would include​ ________.
A. a debit to Merchandise Inventory for​ $231 and a credit to Cost of Goods Sold for​ $231
B. a debit to Cash and a credit to Sales Revenue for​ $480
C. a debit to Sales Revenue and a credit to Cash for​ $480
D. a debit to Cost of Goods Sold and a credit to Merchandise Inventory for​ $231
Business
1 answer:
Elden [556K]3 years ago
7 0

Answer:a debit to Cost of Goods Sold and a credit to Merchandise Inventory for​ $217

( The answer Is not in the options given)

Explanation:

The Perpetual inventory is a method of accounting for inventory  which immediately records when an inventory is sold or purchased using the available point-of-sale software systems of the particular business.

In that regard , the entry to record  cost of merchandise sold

Account titles                                              Debit         Credit

Cost of goods (Merchandise sold)             $217

Merchandise Inventory                                                    $217

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Answer:

2400

Explanation:

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30² + 25² + 25² + 15² + 5² = 2400

5 0
3 years ago
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Answer:

$75.12 million

Explanation:

For computation of Valence's share price first we need to find out the share price which is shown below:-

Share price = (Paid earning of Valence × Ended year of expected earning) ÷ (Equity cost of capital - Expected growth rate)

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Now, Valence's share price

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= $16,000 million ÷ 213 million

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Explanation:

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What are the elements of Attribution Theory ?
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