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Business, 07.03.2020 00:24 angelrenee2000

Using a perpetual inventory system, how should a company record the sale of inventory costing $620 for $960 on account? 1. Inventory 620 Cost of Goods Sold 620 Sales Revenue 960 Accounts Receivable 960 2. Accounts Receivable 960 Sales Revenue 960 Cost of Goods Sold 620 Inventory 620 3. Inventory 620 Gain 340 Sales Revenue 960 4. Accounts Receivable 960 Sales Revenues 620 Gain 340

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