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ABC Company uses the perpetual inventory method. On March 2, ABC sold $6,500 of merchandise,...

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ABC Company uses the perpetual inventory method. On March 2, ABC sold $6,500 of merchandise, terms 2/10,n/30 to XYZ. The goods cost $3,100. Select the option that best represents the sale on March 2 DR CR 6,370 Account Cash Sales Revenue Cost of Goods Sold 6,370 Option A 3,100 3,100 Inventory Account DR CR 6,500 Accounts Receivable Sales Revenue Cost of Goods Sold Option B 6,500 3,100 3,100 Inventory Account DR CR Sales Revenue 6,500 Optionc 6,500 Accounts Receivable 3,100 Inventory Cost of Goods Sold Account 3,100 DR CR Cash 6,370 6,370 Option D Sales Revenue Cost of Goods Sold 3,100 3,100 Inventory Option E None of the Above

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