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Using a perpetual inventory system, the journal entries required to record a sale on account will include credits to:Cost of Goods Sold and Merchandise Inventory.Cost

Using a perpetual inventory system, the journal entries required
to record a sale on account will include credits to:Cost of Goods Sold and Merchandise Inventory.Cost of Goods Sold and Sales.Sales and Merchandise Inventory.Accounts Receivable and Cost of Goods Sold.

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