Landon Jewelers Uses the Perpetual Inventory System B) $$\begin{array} { | c | r | r | } \hline \text { Sales Revenue } & 2,500 & \\\hline \text { Cost of Goods Sold } & & 2,500 \\\hline\end{array}$$

Landon Jewelers uses the perpetual inventory system. On April 2, Landon sold merchandise with a cost of $2,500 for $7,000 to a customer on account with terms of 3/15, n/30. The journal entry to record the cost of goods sold would be:

A) $$\begin{array} { | c | r | r | } \hline \text { Cost of Goods Sold } & 2,500 & \\\hline \text { Accounts Receivable } & & 2,500 \\\hline\end{array}$$
B) $$\begin{array} { | c | r | r | } \hline \text { Sales Revenue } & 2,500 & \\\hline \text { Cost of Goods Sold } & & 2,500 \\\hline\end{array}$$
C) $$\begin{array} { | c | r | r | } \hline \text { Cost of Goods Sold } & 2,500 & \\\hline \text { Merchandise Inventory } & & 2,500 \\\hline\end{array}$$
D) $$\begin{array} { | c | r | r | } \hline \text { Merchandise Inventory } & 2,500 & \\\hline \text { Cost of Goods Sold } & & 2,500 \\\hline\end{array}$$