MultiMet Corporation Sold Merchandise for $4,450 to Simpsons,Inc

question 13

Multiple Choice

MultiMet Corporation sold merchandise for $4,450 to Simpsons,Inc.on account.The cost of goods sold was $1,185.MultiMet uses a perpetual inventory system and special journals.The $4,450 is recorded as ________.

• A)an entry in the 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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