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Click all of the accounts that are affected on the sale of the inventory (in the above example) using the perpetual inventory system? Sales
Click all of the accounts that are affected on the sale of the inventory (in the above example) using the perpetual inventory system? Sales A/R A/P Merchandise Inventory COGS Cash What is the Cost of Goods Sold on the sale of the inventory? (Please write your answer like this: $100,000) Your answer What is the value of the Merchandise Inventory account after the sale of "pos the inventory? Don't forget that we had Discounts and Returns. (Please write your answer like this: $100,000) Your answer Is the net amount of HST at the end of the month Payable or Recoverable? Remember you received a Discount and Returned items. Payable Recoverable 2 points What is the net amount? Remember you received a Discount and Returned items. (Please write your answer like this: $100,000) 2 pots Your answer
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