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2Screen Shot 2019-06-22 at 4.47.37 PM Q Search Question 45 (2 points) Under a perpetual inventory system, recording a sale on account involves a debit
2Screen Shot 2019-06-22 at 4.47.37 PM Q Search Question 45 (2 points) Under a perpetual inventory system, recording a sale on account involves a debit to which of the following accounts? Hint: look at your journal entry cheat sheet from chapter 5 and determine which journal entry you would make, then answer this question. Cost of Merchandise Sold and Accounts Receivable Purchases and Accounts Receivable Inventory and Accounts Payable Inventory and Accounts Receivable Question 36 (2 points) Which of the following is an example of a purchase of inventory on account? Merchandise Inventory XXX Cost of Merchandise Sold XXX Merchandise Inventory XXX Accounts Payable XXX Accounts Payable XXX Merchandise Inventory XXX Merchandise Inventory XX Cash XXX
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