A journal entry for a sale of merchandise on account will result in all of the following: A) Debit to Cost of Goods Sold B) Debit to Sales Credit to Sales C) Debit to Accounts Receivable D) Credit to Cost of Goods Sold E) Credit to Merchandise Inventory

Saks fifth avenue wants to learn about its consumers' attitudes toward on-line purchases. there are numerous studies that are available about consumers and on-line buying, but saks believes its customers might be different from the usual on-line consumer profile, so they decide to conduct their own study. if saks were to use the available data about consumer attitudes, it would be using data; however, if saks does its own study it would collect data.