Using a perpetual inventory system, the respective normal account balances of Merchandise Inventory, Sales Returns and Allowances, and Cost of Goods Sold are
A) credit, credit, credit.
B) debit, debit, debit.
C) debit, credit, credit.
D) debit, debit, credit.

Question

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The Answer of Using a perpetual inventory system, the respective normal account balances of Merchandise Inventory, Sales Returns and Allowances, and Cost of Goods Sold are
A) credit, credit, credit.
B) debit, debit, debit.
C) debit, credit, credit.
D) debit, debit, credit.

Using a Perpetual Inventory System, the Respective Normal Account Balances