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Question 4 5 pts A company purchased inventory for $700 per unit. The company later sold one unit of the inventory for cash of $2400.
Question 4 5 pts A company purchased inventory for $700 per unit. The company later sold one unit of the inventory for cash of $2400. Under the perpetual inventory system, which accounts will be debited to record the sale? O Cash, $2400: Cost of Goods Sold, $1700 O Cash, $2400; Cost of Goods Sold. $700 O Cash, $2400; Inventory, $1700 O Cash, $2400; Inventory, $700 O None of the above
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