e wil records California Company sold a product for 57,150 to Alliance Enterprises on credit. The cost of goods sold is 35.650. Assuming the firm is following a perpetual inventory system and on Th. Merchandise Inventory DR, Cost of Goods Sold CR column Accounts Receivable De Sales Revenue CR column Cost of Goods Sold DR Merchandise Inventory column Sales Revenue DR Accounts Receivable CR column Mong to another question will save this response