Under a perpetual inventory system, the journal entries to record a cash sale increase the cash account, sales revenue and cost of goods sold.

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Under a perpetual inventory system, the journal entries to record a cash sale will increase the cash account (debit), sales revenue account (credit) and cost of goods sold account (debit). This is because the cost of the goods sold needs to be recognized at the time of the sale, thereby reducing the inventory value.

Under a Perpetual Inventory System, the Journal Entries to Record