Question: The account distribution for sales of inventory on account is: Multiple Choice Debit Accounts Receivable/customer and Cost of Goods Sold; credit Sales and Merchandise Inventory. Debit Merchandise Inventory and Accounts Receivable; credit Cost of Goods Sold and Sales. None of the answer choices are correct. Debit Accounts Payable/vendor and Cost of Goods Sold; credit Accounts Receivable/customer and Checking