Feathertouch Company Sold Merchandize Worth $800 on Credit,terms N/15 B)

Feathertouch Company sold merchandize worth $800 on credit,terms n/15.The merchandize sold had cost $550.What is the required journal entry to record the transaction and to transfer the cost of merchandize inventory to cost of goods sold under the periodic inventory system?

A)
$\begin{array}{l}\begin{array}{ll}\text { Accounts Receivables } & 800 \\\text { Sales } & 800\end{array}\\\\\text { No entry for transfer to cost of goods sold. }\end{array}$

B)
$\begin{array}{llr} \text { Sales } &800\\ \text { Accounts Receivables } &&800\\\\ \text { Merchandize Inventory } &550\\ \text {Cost of Goods Sold } &&550\end{array}$

C)
$\begin{array}{lc} \text {Accounts Receivables} & 800 \\\text {Merchandize Inventory}&&800\\\\\text {Cost of Goods Sold}&250\\\text {Merchandize Inventory}&&250\end{array}$
D)
$\begin{array}{ll}\text { Merchandize Inventory }&800 \\\text { Sales }&&800\\\\\text { Cost of Goods Sold}&550\\\text { Merchandize Inventory}&&550\end{array}$