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Landon Jewelers uses the perpetual inventory system. On April 2, Landon sold merchandise with a cost of $4,500 for $7,000 to a customer on
Landon Jewelers uses the perpetual inventory system. On April 2, Landon sold merchandise with a cost of $4,500 for $7,000 to a customer on account with terms of 3/15, n/30. The journal entry to record the cost of goods sold would be: A. Cost of Goods Sold 4,500 Merchandise Inventory 4,500 B. Cost of Goods Sold 4,500 Accounts Receivable 4,500 C. Merchandise Inventory 4,500 Cost of Goods Sold 4,500 D. Sales Revenue 4,500 Cost of Goods Sold 4,500
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