The journal entry for a sale on account under the periodic inventory system includes: Multiple choice question. a debit to sales and a credit to accounts receivable a debit to accounts receivable and a credit to sales a debit to cost of goods sold and a credit to merchandise inventory a debit to cost of goods sold and a credit to merchandise inventory; and a debit to accounts receivable and a credit to sales

a debit to accounts receivable and a credit to sales.

Explanation:

A periodic inventory system can be defined as a method of financial accounting, that typically involves updating informations about an inventory on a periodic basis (at specific intervals) as the sales or purchases are being made by the customers, through the use of either an enterprise management software applications or a digitized point-of-sale equipment.

Under a periodic inventory system, updates of the journal entry for cost of goods sold (sales) would include debiting accounts receivable and crediting sales on a periodic basis.

Additionally, the periodic system of inventory is a function of the cost of goods sold.

answer; the correct answer should be (demonstrations); good luck

a manufacturer of printed circuit boards uses exponential smoothing with trend to forecast monthly demand of its product. at the end of december, the company wishes to forecast sales for january. the estimate of trend through november has been 200 additional boards sold per month. average sales have been around 1000 units per month. the demand for december was 1100 units. the company uses α = 0.20 and β = 0.10. make a forecast including trend for the month of january.