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32. BetterBuy uses a perpetual inventory system. BetterBuy sells a computer from inventory for $599 on credit. BetterBuy originally bought the computer from IBM for

32. BetterBuy uses a perpetual inventory system. BetterBuy sells a computer from inventory for $599 on credit. BetterBuy originally bought the computer from IBM for $395. What journal entry (entries) will BetterBuy prepare to record the sale?

A) Debit Cash and credit Sales Revenue for $599; debit Cost of Goods Sold and credit Inventory for $395

B) Debit Accounts Receivable for $599, credit Inventory for $395, and credit Gross Profit for $204

C) Debit Accounts Receivable and credit Sales Revenue for $599; debit Cost of Goods Sold and credit Inventory for $395

D) Debit Inventory for $395, debit Cost of Goods Sold for $204, and credit Accounts Receivable for $599

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