A Company That Uses the Perpetual Inventory System Sold Goods

question 121

Multiple Choice

A company that uses the perpetual inventory system sold goods to a customer on account for $4,000.The cost of the goods sold was $2,000.Which of the following journal entries correctly records this transaction?

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Definitions:

Introgression

The transfer of genetic material from one species to another through hybridization and backcrossing, leading to the incorporation of foreign genes into a population.

Synonymous Substitution Rate

The rate at which point mutations occur in a DNA sequence that do not alter the encoded amino acid due to the redundancy of the genetic code.

Purifying Selection

Removes deleterious alleles from a population. It is a common form of stabilizing selection.