A company that uses the perpetual inventory system sold goods to a customer for cash for $3300.The cost of the sales was $1300.Which of the following journal entries correctly records this transaction?

Question

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The journal entry for this transaction would be a debit to Cash for $3300 and a credit to Sales Revenue for $3300, with a separate entry for the cost of goods sold. Option B is the only one that correctly records the transaction with these accounts. Option A and C do not record the cost of goods sold, and Option D incorrectly records the cost of goods sold as a debit to Sales Revenue instead of a separate account.

A Company That Uses the Perpetual Inventory System Sold Goods Accounts receivable 3300 Cash 3300\begin{array} { | c | l | l | } \hline \text { Accounts receivable } & 3300 & \\\hline \text { Cash } & & 3300 \\\hline\end{array} Accounts receivable Cash ​3300​3300​​

A Company That Uses the Perpetual Inventory System Sold Goods $\begin{array} { | c | l | l | } \hline \text { Accounts receivable } & 3300 & \\\hline \text { Cash } & & 3300 \\\hline\end{array}$