Your company uses the Perpetual Inventory system. What is the 4-row journal entry to record a cash-based sale? (1) dr. (to record the sale) > Choose... (2) cr. (to record the sale) Choose... (3) dr. (to remove inventory) cr. Sales Revenue dr. Cash (4) cr. (to remove inventory) dr. Cost of Goods Sold cr. Merchandise Inventory Your company uses the Periodic Inve dr. Merchandise Inventory What is the journal entry when a cuscr. Cash purchas dr. Accounts Receivable dr. Choose... cr. Cost of Goods Sold Your company uses the Periodic Inventory system. What is the journal entry when a customer returns an item previously purchased on-account? dr. Choose... cr. Choose... cr. Sales Returns and Allowances cr. Cash Your compcr. Accounts Receivable What is the dr. Sales Revenue an item previously purchased on-account? dr. Accounts Receivable (1) dr. Dose.. dr. Sales Returns & Allowances Your company uses the Perpetual Inventory system. What is the journal entry when a customer returns an item previously purchased on-account? (1) dr. (to reverse the sale) Choose... (2) cr. (to reverse the sale) Choose... (3) dr. (to record returned inventory) Choose... (4) cr. (to record returned inventory) Choose... f Choose... dr. Sales Returns and Allowances Which of the following accounts would be cl rpetual In dr. Cost of Goods Sold Select one: O a. Accounts Receivable dr. Accounts Receivable cr. Cash O b. Accounts Payable dr. Merchandise Inventory O c. Cost of Goods Sold cr. Cost of Goods Sold O d. Cash cr. Accounts Receivable cr. Merchandise Inventory Your company uses the Periodir Inuon dr. Sales Revenue Your company uses the Periodic Inventory system. What is the journal entry to record returning merchandise inventory to your vendor that was bought on- account? dr. > Choose... cr. Choose... . Choose... dr. Merchandise Inventory Your comp dr. Purchases Returns & Allowances What is the account? adise inventory to your vendor that was bought on- cr. Accounts Payable cr. Merchandise Inventory dr. cr. Purchases Returns & Allowances cr. dr. Accounts Payable Your company uses the Perpetual Inventory system. What is the journal entry to record returning merchandise inventory to your vendor that was bought on- account? dr. Choose... cr. Choose... . Choose... dr. Accounts Payable Your comp s made on-account. cr. Accounts Payable You made dr. Purchases Returns & Allowances What is you prace period? dr. Merchandise Inventory dr. Cash $ cr. Merchandise Inventory dr. Sales Di cr. Purchases Returns & Allowances Your company uses the Perpetual Inventory system. What is the journal entry to record returning merchandise inventory to your vendor that was bought on- account? dr. Choose... ( cr. Choose... Choose... dr. Accounts Payable Your comp s made on-account. You made cr. Accounts Payable dr. Purchases Returns & Allowances What is you prace period? dr. Merchandise Inventory dr. Cash $ cr. Merchandise Inventory dr. Sales Di cr. Purchases Returns & Allowances Your company uses the Periodic Inventory system. What is the journal entry to record returning merchandise inventory to your vendor that was bought on- account? dr. > Choose... cr. > Choose... Choose... Your comp What is the account? dr. Merchandise Inventory dr. Purchases Returns & Allowances cr. Accounts Payable cr. Merchandise Inventory adise inventory to your vendor that was bought on- dr. cr. Purchases Returns & Allowances Cr. dr. Accounts Payable