Running the business - Recognize Revenue AND Cost of Goods Sold Expense Inventory Records are kept on a Perpetual Basis Debit Week 1 Revenue - Sold 20.000 total pairs of socks 12.000 pairs were sold for cash in the store in Argieville for 58.00/pair. 8,000 pairs were sold for cash online and delivered to the customer for $10.00/pair. ale I Date Accounts Credit 12/6/19 canh IH.000 HU C00 Inventory Week 1 COGS - Record the COGS Expense for Week 1 Revenue. Date Accounts 12/6/19 Debit Credit Week 2 Revenue - Sold 18,000 pairs of socks. 18,000 pairs were sold on account online and delivered to the customer for $10.00/pair. Date Accounts Debit Credit 12/11/19 Debit Week 2 COGS -Record the COGS Expense for Week 2 Revenue Date Accounts 12/11/19 Credit