With the perpetual inventory method, which of the following entries would be made when inventory costing $3,600 is sold for $5,000?
A)
$With the perpetual inventory method, which of the following entries would be made when inventory costing $3,600 is sold for $5,000? A) B) \begin{array}{ll} \text { Cost of Goods Sold } & 3,600 \\ \text { Inventory } & 3,600 \end{array} C) \begin{array} { l } \text { Purchases } \quad 5,000 \\ \text { Accounts Receivable } \quad 5,000 \\ \end{array} D) \begin{array}{lc} \text { Inventory } & 3,600 \\ \text { Cost of Goods Sold } & 5,000 \\ \text { Accounts Payable } & 3,600 \\ \text { Purchases } & 5,000 \end{array}$
B)

\begin{array}{ll}\text { Cost of Goods Sold } & 3,600 \\\text { Inventory } & 3,600\end{array}

\begin{array} { l } \text { Purchases } \quad 5,000 \\\text { Accounts Receivable } \quad 5,000 \\\end{array}

\begin{array}{lc}\text { Inventory } & 3,600 \\\text { Cost of Goods Sold } & 5,000 \\\text { Accounts Payable } & 3,600 \\\text { Purchases } & 5,000\end{array}

ABC Company Purchased Inventory on Account with Credit Terms of 2/10

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