Answered

A company using a perpetual inventory system sells an item for $560. This
transaction should include a credit to and a debit to
A. inventory; accounts receivable
B. sales; inventory
C. inventory; sales
D. sales; accounts receivable



Answer :

GinnyAnswer

Final answer:

In a perpetual inventory system, a debit to sales and a credit to accounts receivable are made when a company sells an item for [tex]$560.


Explanation:

Transaction 2: Treehouse pays the invoice for audiology equipment received in Transaction 1. When a company using a perpetual inventory system sells an item for $[/tex]560, it should include a debit to sales and a credit to accounts receivable.


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