Cost of goods sold:

	a.	. Is the term used for the cost of buying and preparing merchandise for sale
	b.	Is another term for revenue
	c.	Is also called gross margin
	d.	. Is another term for merchandise sales

A company has realized that it will not be able to collect an amount of SR 5,500 from Mr. X, one of its credit customer. Which one of the following entry will be recorded by the company? Bad Debts Expense 5,500 Oa. Account Receivable - Mr. X 5.500 Cash 5.500 Ob Bad Debts Expenses 5.500 Account Receivables - Mr. X 5.500 Oc. Sales 5.500 Account Receivable - Mr. X 5,500 Od Bad Debts Expenses 5,500