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4. In a perpetual inventory system, the Cost of Goods Sold account is used only when a cash sale of merchandise occurs. only when a

4.

In a perpetual inventory system, the Cost of Goods Sold account is used

only when a cash sale of merchandise occurs.

only when a sale of merchandise occurs.

whenever there is a sale of merchandise or a return of merchandise sold.

only when a credit sale of merchandise occurs.

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