A Company That Uses the Perpetual Inventory System Purchased 500 $$\begin{array} { | c | r | r | } \hline \text { Accounts Receivable } & 13,000 & \\\hline \text { Sales Revenue } & & 13,000 \\\hline\end{array}$$

A company that uses the perpetual inventory system purchased 500 pallets of industrial soap for $10,000 and paid $950 for the freight-in. The company sold the whole lot to a supermarket chain for $13,000 on account. Which of the following entries correctly records the sale?

A) $$\begin{array} { | c | r | r | } \hline \text { Accounts Receivable } & 13,000 & \\\hline \text { Sales Revenue } & & 13,000 \\\hline\end{array}$$
$$\begin{array} { | c | r | r | } \hline \text { Cost of Goods Sold } & 10,950 & \\\hline \text { Merchandise Inventory } & & 10,950 \\\hline\end{array}$$
B) $$\begin{array} { | c | r | r | } \hline \text { Merchandise Inventory } & 13,000 & \\\hline \text { Cost of Goods Sold } & & 13,000 \\\hline\end{array}$$
C) $$\begin{array} { | c | r | r | } \hline \text { Cost of Goods Sold } & 13,000 & \\\hline \text { Sales Revenue } & & 13,000 \\\hline\end{array}$$
D) $$\begin{array} { | c | r | r | } \hline \text { Accounts Receivable } & 13,000 & \\\hline \text { Sales Revenue } & & 13,000 \\\hline\end{array}$$
$$\begin{array} { | c | r | r | } \hline \text { Cost of Goods Sold } & 10,000 & \\\hline \text { Merchandise Inventory } & & 10,000 \\\hline\end{array}$$