A Company That Uses the Perpetual Inventory System Sold Goods $$\begin{array} { | l | r | r | } \hline \text { Cost of Goods Sold } & 2,100 & \\\hline \text { Sales Revenue } & & 2,100 \\\hline\end{array}$$

question 110

Multiple Choice

A company that uses the perpetual inventory system sold goods to a customer on account for $2,100.The cost of the goods sold was $1,050.Which of the following journal entries correctly records this transaction?

• A) \[\begin{array} { | l | r | r | }
• \hline \text { Cost of Goods Sold } & 2,100 & \\
• \hline \text { Sales Revenue } & & 2,100 \\
• \hline
• \end{array}\]
• B) \[\begin{array} { | c | r | r | }
• \hline \text { Merchandise Inventory } & 2,100 & \\
• \hline \text { Costs of Goods Sold } & & 2,100 \\
• \hline
• \end{array}\]
• C) \[\begin{array} { | c | r | r | }
• \hline \text { Accounts Receivable } & 2,100 & \\
• \hline \text { Cash } & & 2,100 \\
• \hline
• \end{array}\]
• \[\begin{array} { | c | r | r | }
• \hline \text { Costs of Goods Sold } & 1,050 & \\
• \hline \text { Merchandise Inventory } & & 1,050 \\
• \hline
• \end{array}\]
• D) \[\begin{array} { | c | r | r | }
• \hline \text { Accounts Receivable } & 2,100 & \\
• \hline \text { Sales Revenue } & & 2,100 \\
• \hline
• \end{array}\]
• \[\begin{array} { | c | r | r | }
• \hline \text { Costs of Goods Sold } & 1,050 & \\
• \hline \text { Merchandise Inventory } & & 1,050 \\
• \hline
• \end{array}\]

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Definitions:

Dilator Pupillae

Radial smooth muscle cells of the iris diaphragm that cause the pupil of the eye to dilate.

Suspensory Ligaments

Fibrous tissues that connect the lens of the eye to the ciliary body, adjusting the lens shape to focus light on the retina.

Vitreous Humor

A transparent, gel-like substance filling the eyeball behind the lens, maintaining eye shape and optical properties.

Intraocular Pressure

The fluid pressure inside the eye, important for the eye's health and function.