Jones company sold merchandise on account for $70,000. this merchandise cost $52,000. the company uses the perpetual method of accounting for inventory. what would be the correct journal entry or entries to record the transaction? a. accounts receivable 70,000 merchandise inventory 52,000 gain on sale 18,000 b. accounts receivable 70,000 sales revenue 70,000 cost of goods sold 52,000 merchandise inventory 52,000 c. accounts receivable 18,000 cost of goods sold 52,000 sales revenue 70,000 d. accounts receivable 70,000 sales revenue 70,000

Which of the following statements is true of unsought products? as compared to convenience products, unsought products are purchased more frequently. unsought products are consumer products and services that customers usually buy frequently, immediately, and with minimal comparison and buying effort. a life insurance policy is an example of an unsought product. unsought products have strong brand identification for which a significant group of buyers is willing to make a special purchase effort. unsought products are those products purchased for further processing or for use in conducting a business.