On October 4, 2015, JT Corporation Had Credit Sales Transactions

Multiple Choice

On October 4, 2015, JT Corporation had credit sales transactions of $4,000 from merchandise having cost $2,400. The entries to record the day's credit transactions include a

A) debit of $4,000 to Inventory.
B) credit of $4,000 to Sales Revenue.
C) debit of $2,400 to Inventory.
D) credit of $2,400 to Cost of Goods Sold.