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Michelin Jewelers Uses the Perpetual Inventory System

Question 92

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Michelin Jewelers uses the perpetual inventory system.On April 2,Michelin sold merchandise with a cost of $5,500 for $9,000 to a customer on account with terms of 3/15,n/30.
-The journal entry to record the cost of goods sold would be ________.


A) Michelin Jewelers uses the perpetual inventory system.On April 2,Michelin sold merchandise with a cost of $5,500 for $9,000 to a customer on account with terms of 3/15,n/30. -The journal entry to record the cost of goods sold would be ________. A) B) C) D)
B) Michelin Jewelers uses the perpetual inventory system.On April 2,Michelin sold merchandise with a cost of $5,500 for $9,000 to a customer on account with terms of 3/15,n/30. -The journal entry to record the cost of goods sold would be ________. A) B) C) D)
C) Michelin Jewelers uses the perpetual inventory system.On April 2,Michelin sold merchandise with a cost of $5,500 for $9,000 to a customer on account with terms of 3/15,n/30. -The journal entry to record the cost of goods sold would be ________. A) B) C) D)
D) Michelin Jewelers uses the perpetual inventory system.On April 2,Michelin sold merchandise with a cost of $5,500 for $9,000 to a customer on account with terms of 3/15,n/30. -The journal entry to record the cost of goods sold would be ________. A) B) C) D)

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