Question
22. When using a perpetual inventory system, the journal entry to record the cost of goods sold is: a. debit Cost of Goods Sold; credit
22. When using a perpetual inventory system, the journal entry to record the cost of goods sold is:
a. debit Cost of Goods Sold; credit Sales
b. debit Cost of Goods Sold; credit Inventory
c. debit Inventory; credit Cost of Goods Sold
d. No journal entry is made to record the cost of goods sold.
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Accounting Fundamentals For Health Care Management
Authors: Steven A. Finkler, David M. Ward, Thad Calabrese
3rd Edition
1284124932, 9781284124934
