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A merchandiser has sales discount forfeited of $200 cost of goods sold of $15 of $2,100. The merchandiser uses a perpetual inventory system. The second
A merchandiser has sales discount forfeited of $200 cost of goods sold of $15 of $2,100. The merchandiser uses a perpetual inventory system. The second entry in the closing process woul OA a debit to Income Sumary for $17,300 OB. a credit to Income Summary for $2.300 oc. a credit to Income Summary for $17,300 OD. debit to Income Summary for $17,100
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