14. Revenues, expenses, and dividend accounts, w accounting period are A. Real accounts. B. Temporary accounts C. Closing accounts. D. Balance sheet accounts E. Permanent accounts which are closed at the end o 15. The inventory valuation specific purchase and invoice is the A. Specific identification method B. First-in, first-out method. C. Weighted average inventory method D. Last-in, first-out method. E. Retail inventory method method that identifies each item in ending inventory with a Part 2: Recording Sales on Account (20 Points) Instructions: Hilton Corporation uses the perpetual inventory system Record the necessary joumal entres related to credit sales for Hilton Corporation during the month of Octobe a) October 2: Sold merchandise for $92,000 to Mote Company under credit terras The cost of the merchandise sold was $51,520 Debits Credits Date Account Titles and Computations b) October 6:Accepted return of merchandise sold for $4,000 and costing $2,080 of from Moote Debits Credits Company after granting authorization for the return DateAccount Titles and Explanations Page4 Test 2, V1