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In a perpetual system, the required entry(ies) to record the sale of merchandise for $1,000 on credit for goods costing the company $600 would be

In a perpetual system, the required entry(ies) to record the sale of merchandise for $1,000 on credit for goods costing the company $600 would be

d) both a) and c).

b) a debit to Accounts Receivable and credit to Merchandise Inventory for $1,000.

c) a debit to Accounts Receivable and credit to Sales for $1,000.

a) a debit to Cost of Goods Sold and credit to Merchandise Inventory for $600.

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