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1. When merchandise is sold under the perpetual system of inventory, the journal enttl'},r to record a sale of merchandise on account includes debiting and

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1. When merchandise is sold under the perpetual system of inventory, the journal enttl'},r to record a sale of merchandise on account includes debiting and crediting A. Accounts Receivable; inventory E. Cost of Goods Sold; Sales C. Accounts Receivable; Cost of Goods Sold I}. Accounts Receivable; Sales

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