Aseller uses a perpetual inventory system, and on april 4, it sells $5,000 in merchandise (its cost is $2,400) to a customer on credit terms of 3/10, n/30. complete the two journal entries (the first for the revenue part of the transaction and the second for the cost part) to record the sales transaction by selecting the account names and dollar amounts from the drop-down menus.
date account title debit credit
april 4 selectmerchandise inventoryaccounts receivablecashcost of goods soldsales select2,4002,5002,6005,000 select2,4002,5002,6005,000
selectmerchandise inventoryaccounts receivablecashcost of goods soldsales select2,4002,5002,6005,000 select2,4002,5002,6005,000
selectmerchandise inventoryaccounts receivablecashcost of goods soldsales select2,4002,5002,6005,000 select2,4002,5002,6005,000
selectmerchandise inventoryaccounts receivablecashcost of goods soldsales select2,4002,5002,6005,000 select2,4002,5002,6005,000