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On June 6, Basil Company sold merchandise to Maram Company for $4,000, terms 1/10, 1/60. The merchandise cost was $3,000. assuming that Basil uses the

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On June 6, Basil Company sold merchandise to Maram Company for $4,000, terms 1/10, 1/60. The merchandise cost was $3,000. assuming that Basil uses the perpetual inventory system. The entry by Basil on June 6 to record sales revenues would include; Select one: O Credit Cost of Goods sold for $3,000, Credit Accounts Receivable for $4,000. Credit Sales Revenues for $4,000, Credit Merchandise Inventory for $3,000

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