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Cebit Corp. sold merchandise for $10,000 cash. The cost of merchandise sold was $7.590. The Journal entes for his transaction under the perpetual ventory wstem

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Cebit Corp. sold merchandise for $10,000 cash. The cost of merchandise sold was $7.590. The Journal entes for his transaction under the perpetual ventory wstem would be Och 10,000 Sales 10,000 Cost of Merchandise Sold Merchandise eventory 10,000 10,000 OD. Cash 10,000 Merchandise Inventory 10,000 Cost of Merchandise Sold Sales 7,500 Oc Cali 7.500 Sales 20 7.500 Cost of Merchandise Merchandise Twentory 7.50 Od cash 10,000 10.000 Cost of Merchandise Merchandise lor 7,590 200

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