Rich L 9 Account Schoology C Question 14 2 Poin. Question 13 (1 point) Under a periodic invnetory system, which of the following Journal entries are booked at the time goods with a purchase price of $ 200 are sold to the customer for $ 500: Oa Ob Debit Purchases for $500 and Credit Sales for $ 500 Debit Accounts Receivable for 5 500 and Credit Sales for 5 500 Debit Accounts Recelvable for $ 200 and Credit Inventory for $ 200 Debit Accounts Receivable for $ 500, credit Inventory for $ 200 and credit sales for S 300 Od Question 14 [1 point Cisoing inventory is shown on Income Statment as cost for the period. True False Question 15 (1 point) If prices are following the PFO method of inventory valuation result in the lower value of closing stock. True False Time left for this assessment: 18:31