To Update the Inventory Records for the Sale of Merchandise

question 71

Multiple Choice

To update the inventory records for the sale of merchandise on account under a periodic inventory system, the entry would include:

• A)a credit to Inventory.
• B)a debit to Accounts Payable.
• C)no entry as inventory records are not updated at the time of sale.
• D)a debit to Cost of Goods Sold.

---

Definitions:

Infusion Rate

The speed at which a drug or substance is administered intravenously into the bloodstream.

Hypernatremia

A medical condition characterized by an abnormally high concentration of sodium in the blood, often caused by dehydration or an imbalance in water and electrolyte levels.

Serum Electrolytes

Minerals found in the blood, such as sodium, potassium, and chloride, that are vital for maintaining fluid balance, muscle contractions, and neural activity.

Gravity Flow

The movement of liquid in response to gravity without the use of pumps or other mechanical aids.