Bass Electronics Corporation Sold Merchandise on Account to a British $$\begin{array} { | c | r | r | } \hline \text { Accounts Receivable } & 188,000 & \\\hline \text { Sales Revenue } & & 188,000 \\\hline\end{array}$$

Bass Electronics Corporation sold merchandise on account to a British company for 80,000 British pounds.Each pound was worth $2.35.The entry to record this sale is:

A) $$\begin{array} { | c | r | r | } \hline \text { Accounts Receivable } & 188,000 & \\\hline \text { Sales Revenue } & & 188,000 \\\hline\end{array}$$
B) $$\begin{array} { | c | l | l | } \hline \text { Accounts Receivable } & 80,000 & \\\hline \text { Foreign-Currency Transaction Loss } & 108,000 & \\\hline \text { Sales Revenue } & & 188,000 \\\hline\end{array}$$
C) $$\begin{array} { | c | r | r | } \hline \text { Accounts Receivable } & 188,000 & \\\hline \text { Sales Revenue } & & 108,000 \\\hline \text { Foreign-Currency Trans. Gain } & & 80,000 \\\hline\end{array}$$
D) No entry is recorded until payment is received.