Find Which of the ournal entries correctly records the cost

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Question 1: A company that uses the perpetual inventory system sold goods for $2,800 to a customer on account. The company had purchased the inventory for $900. Which of the following journal entries correctly records the cost of goods sold?

a. Cost of Goods Sold. 900
Sales Revenue. 900

b. Cost of Goods Sold. 900
 Merchandise Inventory. 900

c. Merchandise Inventory. 900
Cost of Goods Sold. 900

d. Accounts Receivable. 900
Sales Revenue 900

Reference no: EM132939664

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