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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

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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