Able Sells and Delivers a Piece of Equipment to Smythe $$\begin{array} { | c | r | r | } \hline \text { Sales Revenue } & 1,300 & \\\hline \text { Accounts Receivable } & & 1,300 \\\hline\end{array}$$

Able sells and delivers a piece of equipment to Smythe for $2,000 on August 1 and the equipment cost $1,300. The sale is a credit sale. How is this transaction accounted for under a periodic system of inventory?

A) $$\begin{array} { | c | r | r | } \hline \text { Sales Revenue } & 1,300 & \\\hline \text { Accounts Receivable } & & 1,300 \\\hline\end{array}$$
B) $$\begin{array} { | c | l | l | } \hline \text { Accounts Receivable } & 2,000 & \\\hline \text { Sales Revenue } & & 2,000 \\\hline\end{array}$$
C) $$\begin{array} { | c | r | r | } \hline \text { Sales Revenue } & 2,000 & \\\hline \text { Accounts Receivable } & & 2,000 \\\hline\end{array}$$
D) $$\begin{array} { | c | r | r | } \hline \text { Accounts Receivable } & 1,300 & \\\hline \text { Sales Revenue } & & 1,300 \\\hline\end{array}$$