Hexagon Corporation Sold a Product on Credit for $2,235 to Merin

Multiple Choice

Hexagon Corporation sold a product on credit for $2,235 to Merin Lynch.The cost of goods sold was $1,324.Assuming that the firm is following a perpetual inventory system and using a sales journal,it will record $2,235 in the ________.

A) Accounts Receivable CR,Sales Revenue DR column
B) Cost of Goods Sold DR,Merchandise Inventory CR column
C) Merchandise Inventory DR,Cost of Goods Sold CR column
D) Accounts Receivable DR,Sales Revenue CR column