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Under a perpetual inventory system, merchandising companies must account for credit sales transactions Multiple Choice by debiting cost of goods sold and crediting merchandise inventory
Under a perpetual inventory system, merchandising companies must account for credit sales transactions
Multiple Choice
by debiting cost of goods sold and crediting merchandise inventory
by debiting accounts receivable and crediting cost of goods sold
All of the choices are correct
by debiting sales and crediting accounts receivable
by debiting cash and crediting sales
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