Which Statement Is True When Recording The Sale Of Goods For Cash In A Perpetual Inventory System?

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Which Statement Is True When Recording The Sale Of Goods For Cash In A Perpetual Inventory System?

=Only one journal entry is necessary. It will record the receipt of cash and sales revenue. =Two journal entries are necessary: one to record the receipt of cash and sales revenue, and one to record the cost of goods sold and to reduce inventory. =Only one journal entry is necessary. It will record cost of goods sold and reduce of inventory. =Two journal entries are necessary: one to record the receipt of cash and reduction of inventory, and one to record the the cost of goods sold and sales revenue.
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Two journal entries are necessary: one to record the receipt of cash and sales revenue, and one to record the cost of goods sold and to reduce inventory.
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