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Missouri Company uses a perpetual inventory system On October 1, Missouri Company sold inventory on account in the amount of $6,500 to Montebello Company, terms

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Missouri Company uses a perpetual inventory system On October 1, Missouri Company sold inventory on account in the amount of $6,500 to Montebello Company, terms 1/10, n/30. The items cost Missouri $4,200. On October 4, Montebello returns some of the inventory. This inventory had a selling price of $500 and a cost of $200. On October 8, Montebello Company paid Missouri Company the amount due on that date (ozua What journal entry (entries) will Missouri prepare on October 1 to record this sale? Multiple Choice Debit Accounts Receivable and credit Sales Revenue Debit Sales Revenue for $6.500 and credit Accounts Receivable and credit for $6.500 debit Cost of Gooas sold and credit inventory for $4 200 Debit Accounts Receivable and credit Sales Revenue for $6,500 (8 eBook Debit Sales Revenue for $6,500 and credit Accounts Receivable and credit for 56,500, debit Cost of Goods Sold and credit Inventory for $4,200 Debit Accounts Receivable and credit Sales Revenue for $6.500, debit Cost of Goods Sold and credit Inventory for $4,200 Debit Cost of Goods Sold for $4,200. debit Gross Profit for $2.300, and credit Sales Revenue for $6,500

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