The Entries to Record a $4,500 Sale on Account Under

question 10

Multiple Choice

The entries to record a $4,500 sale on account under a perpetual inventory system, when the cost of the merchandise is $3,000, include a:

• A)debit to Inventory for $3,000.
• B)credit to Sales Revenue for $3,000.
• C)debit to Sales Revenue for $4,500.
• D)credit to Inventory for $3,000.

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Definitions:

Parasympathetic System

Part of the autonomic nervous system responsible for conserving energy and slowing down the body's response.

Normal Body Functions

The physiological processes and activities carried out by living organisms to maintain life.

Localized Effect

An effect limited to a specific area, region, or part of the body, not spreading from its origin.

Thoracic Nerves

Nerves that are associated with the thorax, contributing to the motor and sensory innervation of the chest, upper back, and abdominal wall muscles.