When the perpetual inventory system is used, the inventory sold is debited to Supplies Expense Cost of Merchandise Sold Merchandise Inventory Sales Which of the following is not considered a special journal? purchases journal cash receipts journal general journal cash payments journal Which account will be included in closing entries of both service and merchandising companies? Sales Cost of Merchandise Sold Customer Refunds Payable Estimated Inventory Returns Which of the following is not an advantage of a computerized system over a manual system? Transactions are recorded and posted at the same time. Accuracy is usually better with a computerized system. OO Current balances are always available. Internal controls are optional to the computerized system. A purchase of supplies for cash is recorded in the revenue journal purchases journal cash receipts journal cash payments journal