2078765/quizzes/3878552/take Question 10 1 pts Our company uses a perpetual inventory system. On July 3, we sold merchandise with a cost of $3,000 for $6,500 to a customer on account. The terms of the sale were 2/10./30. What account and amount would we credit to record the sales revenue for this transaction? sales revenue 56.500 O merchandise Inventory $3,000 cost of goods sold, $3,000 accounts receivable. $6.500 Question 19 1 pts Our company uses a perpetual Inventory system. On July 3, we sold merchandise with a cost of $3,000 for $6.500 to a customer on account. The terms of the sale were 2/10.1/30. What account and amount would we credit to record the cost of goods sold for this transaction? O sales revenu 56,500 O merchandise Inventory $3,000 cost of goods sold, 53,000 O accounts receivable, $6,500 D Question 20 1 pts Our company had the following balances and transactions during the current year related to merchandise inventory Beginning merchandise inventory on January 1 120 units at $ 70 per unit Purchase on February 14 100 units at $85 per unit Sale on August 21 120 units What would be the company's ending merchandise inventory in dollars on December 31 if the company used perpetual, last in, first out (LIFO) method