Under the perpetual inventory system, in addition to making the entry to record a sale, a company would Debit Cost of Goods Sold and credit Purchases. Debit Inventory and credit Cost of Goods Sold Debit Cost of Goods Sold and credit Inventory Make no additional entry until the end of the period Question 42 ( 2 points) Under the perpetual inventory system, which of the following accounts would not be used? Purchases Cost of Goods Sold Inventory Sales Question 43 ( 2 points) Entries of a sales transaction must be posted immediately and individually to the Accounts receivable subsidiary ledger Sales account Accounts payable subsidiary ledger General ledger