Anderson Furniture Sold 15 Desks,with a Cost of $5,500,for $12,250 $$\begin{array} { | l | l | } \hline \text { Sales Revenue } & 12,250 \\\hline \text { Accounts Receivable } & 12,250 \\\hline\end{array}$$

Anderson Furniture sold 15 desks,with a cost of $5,500,for $12,250 on account.Anderson uses the periodic inventory system.Which of the following is the correct way to record this transaction?

A) $$\begin{array} { | l | l | } \hline \text { Sales Revenue } & 12,250 \\\hline \text { Accounts Receivable } & 12,250 \\\hline\end{array}$$
B) $$\begin{array} { | c | c | } \hline \text { Accounts Receivable } & 12,250 \\\hline \text { Sales Revenue } & { 12,250 } \\\hline \text { Cost of Goods Sold } & 5,500 \\\hline \text { Merchandise Inventory } &{ 5,500 } \\\hline\end{array}$$
C) $$\begin{array} { | c | c | } \hline \text { Accounts Receivable } & 12,250 \\\hline \text { Sales Revenue } & 12,250 \\\hline\end{array}$$
D) $$\begin{array} { | c | c | } \hline \text { Accounts Receivable } & 12,250 \\\hline \text { Sales Revenue } &{ 12,250 } \\\hline \text { Purchases } & 5,500 \\\hline \text { Merchandise Inventory } &{ 5,500 } \\\hline\end{array}$$