1.Our company uses a perpetual inventory system. On July 3, we sold merchandise with a cost of $3,000 for $6,500 to a customer on account. The terms of the sale were 2/10, n/30. What account and amount would we debit to record the sales revenue for this transaction?

Group of answer choices

sales revenue, $6,500

merchandise inventory, $3,000

cost of goods sold, $3,000

accounts receivable, $6,500

2.Our company uses a perpetual inventory system. On July 3, we sold merchandise with a cost of $3,000 for $6,500 to a customer on account. The terms of the sale were 2/10, n/30. What account and amount would we debit to record the cost of goods sold for this transaction?

Group of answer choices

sales revenue, $6,500

merchandise inventory, $3,000

cost of goods sold, $3,000

accounts receivable, $6,500