Brendan Company sold merchandise worth $1,600 on credit,terms n/15.The merchandise sold had cost $1,100.What is the required journal entry to record the transaction under the perpetual inventory system?

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The Answer of Brendan Company sold merchandise worth $1,600 on credit,terms n/15.The merchandise sold had cost $1,100.What is the required journal entry to record the transaction under the perpetual inventory system?

Brendan Company Sold Merchandise Worth $1,600 on Credit,terms N/15