With the Perpetual Inventory Method, Which of the Following Entries $\begin{array}{ll}\text { Cost of Goods Sold } & 3,600 \\\text { Inventory } & 3,600\end{array}$

Multiple Choice

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