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The journal entry for a sale on account under the periodic inventory system includes: a . a debit to cost of goods sold and a

The journal entry for a sale on account under the periodic inventory system includes:
a. a debit to cost of goods sold and a credit to merchandise inventory; and a debit to accounts receivable and a credit to sales
b. a debit to accounts receivable and a credit to sales
c. a debit to cost of goods sold and a credit to merchandise inventory

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