Business, 01.07.2020 15:01 mateoperez496

A company that uses the perpetual inventory system sold goods to a customer for cash for $3,000. The cost of the goods sold was $1,000. Which of the following journal entries correctly records this transaction? A. Cost of Goods Sold $3,000
Sales Revenue $3,000
B. Merchandise Inventory $3,000
Sales Revenue $3,000
C. Accounts Receivable $3,000
Cash $3,000
D. Cash $3,000
Sales Revenue $3,000
Cost of Goods Sold $1,000
Merchandise Inventory $1,000

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A company that uses the perpetual inventory system sold goods to a customer for cash for $3,000. The...

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