3.			Jones Company sold merchandise on account for $90,000. This merchandise cost $52,000. The company uses the perpetual method of accounting for inventory. What would be the correct journal entry to record the transaction?
		A.	Accounts Receivable			38,000
			Cost of Goods Sold			52,000
			Sales				90,000
		B.	Accounts Receivable			90,000
			Sales				90,000
		C.	Accounts Receivable			90,000
			Sales				90,000
			Cost of Goods Sold			52,000
			Merchandise Inventory				52,000
		D.	Accounts Receivable			90,000
			Merchandise Inventory				52,000
			Gain on Sale				38,000