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A Company That Uses the Perpetual Inventory System Sold Goods

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A company that uses the perpetual inventory system sold goods to a customer on account for $4,000. The cost of the goods sold was $2,000. Which of the following journal entries correctly records this transaction? A company that uses the perpetual inventory system sold goods to a customer on account for $4,000. The cost of the goods sold was $2,000. Which of the following journal entries correctly records this transaction?


Definitions:

Ventricles

The two lower chambers of the heart that receive blood from the atria above and then contract to propel blood out of the heart into the circulatory system.

Perimysium

The connective tissue that divides a muscle into sections called fascicles.

Fascicles

Bundles of muscle or nerve fibers.

Aponeurosis

A tough, sheet-like structure that is made of fibrous connective tissue. It typically attaches muscles to other muscles.

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