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Listen Irving Company uses a perpetual inventory system. On March 2, Irvine Company sold $800,000 of merchandise on account to James Company, terms 2/10,
Listen Irving Company uses a perpetual inventory system. On March 2, Irvine Company sold $800,000 of merchandise on account to James Company, terms 2/10, n/30. The cost of the merchandise sold was $600,000. Irving Company's journal entry to record the credit sale includes a debit to for $800,000. A) Accounts Receivable B) Cost of Goods Sold C) Inventory D) Sales Revenue E) none of the above Question 9 (5 points)
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