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On December 1, Hilda, Inc., sold merchandise on credit for $5,000, terms 3/10,n/30. Cost of the merchandise sold was $2,500. Hilda Inc., uses a perpetual

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On December 1, Hilda, Inc., sold merchandise on credit for $5,000, terms 3/10,n/30. Cost of the merchandise sold was $2,500. Hilda Inc., uses a perpetual inventory system. The journal entry to record this transaction includes O a debit to cash for $5,000 a debit to cost of goods sold for $5,000 O a credit to inventory for $5,000 Two of the answers are correct. O a credit to sales for $5,000

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