How inventory is tracked using perpetual inventory method


Question: What accounts appear in the Journal when the Inventory transaction window is used and inventory is tracked using a perpetual inventory method? None of the choices are correct. Debit to Checking and Cost of Goods Sold, Credit to Sales, and Merchandise Inventory Debit to Accounts Receivable and Cost of Goods Sold, Credit to Sales, and Merchandise Inventory Debit to Accounts Payable and Merchandise Inventory, Credit to Sales, and Cost of Goods Sold

 

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Accounting Basics: How inventory is tracked using perpetual inventory method
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