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Macy's uses a perpetual inventory system. The journal entry to record the sale of merchandise, costing $1,488, and sold on account for $2.304 includes: O

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Macy's uses a perpetual inventory system. The journal entry to record the sale of merchandise, costing $1,488, and sold on account for $2.304 includes: O A debit of $1,488 to Purchases. O A credit of $2,304 to Accounts receivable. A debit of $2,304 to Sales revenue. O A credit of $1,488 to Inventory

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