A Retailer Sells Plasma TVs at a Selling Price of $5,000

A retailer sells plasma TVs at a selling price of $5,000 each.The total sale on account is for $20,000 Under a perpetual inventory system the journal entries to record the sale will include:

A) $20,000 will be debited to Inventory and $20,000 will be credited to Accounts Payable.
B) $20,000 will be debited to Costs of goods sold and $20,000 will be credited to Inventory.
C) $20,000 will be credited to Inventory and $20,000 will be credited to sales revenue.
D) $20,000 will be debited to costs of goods sold and $20,000 will be credited to Accounts receivable.