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The Corbit Corp

Question 137

Multiple Choice

The Corbit Corp.sold merchandise for $10,000 cash.The cost of the merchandise sold was $7,590.The journal entries to record this transaction under the perpetual inventory system would be


A) The Corbit Corp.sold merchandise for $10,000 cash.The cost of the merchandise sold was $7,590.The journal entries to record this transaction under the perpetual inventory system would be A) B) C) D)
B) The Corbit Corp.sold merchandise for $10,000 cash.The cost of the merchandise sold was $7,590.The journal entries to record this transaction under the perpetual inventory system would be A) B) C) D)
C) The Corbit Corp.sold merchandise for $10,000 cash.The cost of the merchandise sold was $7,590.The journal entries to record this transaction under the perpetual inventory system would be A) B) C) D)
D) The Corbit Corp.sold merchandise for $10,000 cash.The cost of the merchandise sold was $7,590.The journal entries to record this transaction under the perpetual inventory system would be A) B) C) D)

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