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Blue, Inc. sold merchandise to Green Co. for $1,500 on account. The merchandise cost Blue $1,000. Both companies use a perpetual inventory system. Which entry

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Blue, Inc. sold merchandise to Green Co. for $1,500 on account. The merchandise cost Blue $1,000. Both companies use a perpetual inventory system. Which entry would Blue make to record the sale? Debit Accounts Receivable $1,500 and Credit Sales $1,500 Debit Cash $1,500 and Credit Sales $1,500 Debit Cash $1,000 and Credit Sales $1,000 Debit Accounts Receivable $1,000 and Credit Sales $1,000

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