Kristi's Pottery Sold 250 Tiles at $25

Multiple Choice

Kristi's pottery sold 250 tiles at $25.00 each to a charge customer, terms 1/10, n/30. The tiles cost Kristi's $10.00 each. Which entry is required to record the inventory adjustment for this transaction under a perpetual system?

A) Debit Inventory for $2,500; credit Tile Sales for $2,500
B) Debit Accounts Receivable for $2,500; credit Inventory for $2,500
C) Debit Cost of Goods Sold for $2,250; debit Purchase Discounts for $250; credit Inventory $2,500
D) Debit Cost of Goods Sold for $2,500; credit Inventory for $2,500