Nonhierarchical clustering is faster than hierarchical methods

A company that uses the perpetual inventory system sold goods to a customer on account for $2,100. The cost of the goods sold was $1,050. Which of the following journal entries correctly records this transaction?

A) Cost of Goods Sold 2,100 Sales Revenue 2,100 B) Merchandise Inventory 2,100 Costs of Goods Sold 2,100 C) Accounts Receivable 2,100 Cash 2,100 Costs of Goods Sold 1,050 Merchandise Inventory 1,050 D) Accounts Receivable 2,100 Sales Revenue 2,100 Costs of Goods Sold 1,050 Merchandise Inventory 1,050

The interest-adjusted methods ignore the timing and magnitude of dividend payments.

a. true b. false