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

A company that uses the perpetual inventory system purchased 500 pallets of industrial soap for $7000 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) $$\begin{array} { | c | l | l | } \hline \text { Accounts receivable } & 13,000 & \\\hline \text { Sales revenue } & & 13,000 \\\hline\end{array}$$
$$\begin{array} { | c | l | l | } \hline \text { Cost of sales } & 7950 & \\\hline \text { Inventory } & & 7950 \\\hline\end{array}$$
B) $$\begin{array} { | c | l | l | } \hline \text { Sales revenue } & 13,000 & \\\hline \text { Inventory } & & 13,000 \\\hline\end{array}$$
C) $$\begin{array} { | c | l | l | } \hline \text { Cost of sales } & 13,000 & \\\hline \text { Sales revenue } & & 13,000 \\\hline\end{array}$$
D) $$\begin{array} { | c | l | l | } \hline \text { Inventory } & 13,000 & \\\hline \text { Cost of sales } & & 13,000 \\\hline\end{array}$$