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2- Chapters 5-8(i) Help Using a perpetual inventory system, how should a company...

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Accounting

2- Chapters 5-8(i)
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Using a perpetual inventory system, how should a company record the sale of inventory costing $560 for $1,020 on account?
\table[[\table[[Event],[1.]],Account Title,Debit,Credit],[Inventory,560,],[Cost of Goods Sold,,560],[Sales Revenue,1,020,],[Accounts Receivable,,1,020],[2.,Accounts Receivable,1,020,],[Sales Revenue,,1,020],[Cost of Goods Sold,560,],[Inventory,,560],[3.,Inventory,560,],[Gain,460,],[Sales Revenue,,1,020],[4.,Accounts Receivable,1,020,],[Sales Revenues,,560],[Gain,,460]]
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