16. A company sells $6,000 inventory on account to a customer. The inventory had a cost of $4,200. What would be the correct journal entry to record the sale?

Question 16 options:

• Dr. Accounts Receivable $6,000, Cr. Sales $6,000, Dr. COGS $4,200, Cr. Inventory $4,200

• Dr. Sales $6,000, Cr. Accounts Receivable $6,000, Dr. COGS $4,200, Cr. Inventory $4,200

• Dr. Accounts Receivable $6,000, Cr. Sales $6,000, Dr. Inventory $4,200, Cr. COGS $4,200

• Dr. Cash $6,000, Cr. Sales $6,000, Dr. COGS $4,200, Cr. Inventory $4.200