Multi Corporation Sold Merchandise for $4,450 to Susan on Credit

question 75

Multiple Choice

Multi Corporation sold merchandise for $4,450 to Susan on credit. The cost of goods sold was $1,185. Assuming that the firm is following a perpetual inventory system, it will record $4,450 in the:

• A)general journal.
• B)Accounts Receivable DR, Sales Revenue CR column of the sales journal.
• C)Merchandise Inventory DR column of the purchases journal.
• D)Accounts Receivable CR column of cash receipts journal.

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