cle Parts & Form Financial Accounting 3e by Poteau & Malhotra Class Cast of goods availafors 0.000 Les 12/31/1 Inventory 4000 Cast of goods sold 02.000 Gross prift (39 $398.000 Lab Book Homework View full assignment BC Co. sold merchandise inventory on account for $9,600 that cost $7,000.Under the perpetual approach, the entry (entries) at the time of the sale of the inventory on account is (are) as follows: a Cost of goods sold... 7,000 Inventory.. 7,000 Accounts receivable 600 Sales 9,600 b and Cost of goods sold 7,000 Inventory 7,000 Accounts receivable.. 9,600 c. Sales... 9,600 Cash 9,400 Accounts receivable. 9.600 d. and Cost of goods sold. Inventory 7,000 7,000 Chapter 4 work Page 99 J. Beport a acobi Read 4.3 Sales Returns and Allowances & Sales Discounts Back to top 5 6 7 00 8 R T Y U F G H V B N M F 2 910 K 9 D- O P