Consider the Following Short Case as You Respond to the Question

Multiple Choice

Consider the following short case as you respond to the question: VLC Corporation sold merchandise with a cost of $200 on account for $300 to PRT Corporation; credit terms were 2/10, n/30.VLC paid the outgoing freight charge of $10.PRT paid the invoice within the discount period.The entries in VLC's accounting information system to record all the preceding events will include all of the following except:

A) A debit to cost of goods sold.
B) A debit to delivery expense.
C) A credit to gross profit.
D) A credit to inventory.