Michelin Jewellers Completed the Following Transactions $$\begin{array} { | l | r | r | } \hline \text { Inventory } & 5000 & \\\hline \text { Cost of sales } & & 5000 \\\hline\end{array}$$

Michelin Jewellers completed the following transactions.Michelin Jewellers uses the perpetual inventory system.On 2 April,Michelin sold $9 900 of inventory,including GST,to a customer on credit with terms of 3/15,n/30.Michelin's cost of the inventory sold was $5 000,net of GST.Which of the following journal entries correctly records the Cost of sales?

A) $$\begin{array} { | l | r | r | } \hline \text { Inventory } & 5000 & \\\hline \text { Cost of sales } & & 5000 \\\hline\end{array}$$
B) $$\begin{array} { | l | r | r | } \hline \text { Sales revenue } & 5000 & \\\hline \text { Cost of sales } & & 5000 \\\hline\end{array}$$
C) $$\begin{array} { | l | r | r | } \hline \text { Cost of sales } & 5000 & \\\hline \text { Accounts receivable } & & 5000 \\\hline\end{array}$$
D) $$\begin{array} { | l | r | r | } \hline \text { Cost of sales } & 5000 & \\\hline \text { Inventory } & & 5000 \\\hline\end{array}$$