Business, 05.06.2020 09:57 alani64

Forever Jewelers uses the perpetual inventory system. On Aprilâ€‹ 2, Forever sold merchandise with a cost of $ 1 comma 500$1,500 for $ 9 comma 000$9,000 to a customer on account with terms of 22â€‹/15, â€‹n/30. Which of the following journal entries correctly records the salesâ€‹ revenue? a. Accounts Receivable 6,720
Sales Revenue 6,720
b. Sales Revenue 6,720
Accounts Receivable 6,720
c. Sales Revenue 6,720
Cost of Goods Sold 6,720
d. Accounts Receivable 1,500
Sales Revenue 1,500

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Forever Jewelers uses the perpetual inventory system. On Aprilâ€‹ 2, Forever sold merchandise with a...

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