Using a perpetual inventory system, what journal entry(ies) is(are) prepared when two units of merchandise are sold on account? O A. debit Cash and credit Sales Revenue only O B. debit Accounts Receivable and credit Sales Revenue only C. debit Accounts Receivable and credit Sales Revenue; debit Cost of Goods Sold and credit Inventory O D. debit Accounts Receivable and credit Sales Revenue; debit Inventory and credit Cost of Goods Sold lick to select your answer. Show transcribed image text Using a perpetual inventory system, what journal entry(ies) is(are) prepared when two units of merchandise are sold on account? O A. debit Cash and credit Sales Revenue only O B. debit Accounts Receivable and credit Sales Revenue only C. debit Accounts Receivable and credit Sales Revenue; debit Cost of Goods Sold and credit Inventory O D. debit Accounts Receivable and credit Sales Revenue; debit Inventory and credit Cost of Goods Sold lick to select your answer.
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