A Company That Uses the Perpetual Inventory System Sold Goods $$\begin{array} { | c | l | l | } \hline \text { Accounts receivable } & 2500 & \\\hline \text { Cash } & & 2500 \\\hline\end{array}$$

Multiple Choice

A company that uses the perpetual inventory system sold goods to a customer on account for $2500 The cost of the sales was $1250.Which of the following journal entries correctly records this transaction?

A) $$\begin{array} { | c | l | l | } \hline \text { Accounts receivable } & 2500 & \\\hline \text { Cash } & & 2500 \\\hline\end{array}$$
B) $$\begin{array} { | c | l | l | } \hline \text { Accounts receivable } & 2500 & \\\hline \text { Sales revenue } & & 2500 \\\hline\end{array}$$
$$\begin{array} { | c | l | l | } \hline \text { Costs of sales } & \$ 1250 & \\\hline \text { Inventory } & & \$ 1250 \\\hline\end{array}$$
C) $$\begin{array} { | c | l | l | } \hline \text { Cost of sales } & 2500 & \\\hline \text { Sales revenue } & & 2500 \\\hline\end{array}$$
D) $$\begin{array} { | c | l | l | } \hline \text { Inventory } & 2500 & \\\hline \text { Costs of sales } & & 2500 \\\hline\end{array}$$