Using a Perpetual Inventory System,which Journal Entry(ies)is(are)prepared When Two Units

question 51

Multiple Choice

Using a perpetual inventory system,which journal entry(ies) is(are) prepared when two units of merchandise are sold on account?

• A)debit Accounts Receivable and credit Sales Revenue only
• B)debit Cash and credit Sales Revenue;debit Cost of Goods Sold and credit Inventory
• C)debit Accounts Receivable and credit Sales Revenue;debit Cost of Goods Sold and credit Inventory
• D)debit Accounts Receivable and credit Sales Revenue;debit Inventory and credit Cost of Goods Sold

---

Definitions:

Multi-leaf Spring Packs

Assemblies of layered leaf springs used in vehicle suspension systems to provide support and absorb shock.

Chassis Oscillations

Movements or vibrations of the vehicle's chassis caused by irregularities in the road surface or dynamic loads.

Rhythmic Vibrations

Vibrations occurring at regular intervals, often signaling an underlying problem in mechanical systems.

Irregular Vibrations

Vibrations that occur in a mechanical system at unpredictable intervals and frequencies, often indicating a malfunction or imbalance.