9) Cumberland Co. sells $2,000 of merchandise to Hancock Co. for cash. Cumberla $1,250 for the merchandise. Under a perpetual inventory system, which of the f is the correct journal entry(ies)? a. debit Cash, $2,000; credit Merchandise Inventory, $2,000 b. debit Accounts Receivable, $2,000; credit Sales, $2,000; and debit Cost Merchandise Sold, $1,250; credit Merchandise Inventory, $1,250 c. debit Cash, $1,250; credit Sales, $1,250 d. debit Cash, $2,000; credit Sales, $2,000; and debit Cost of Merchandis $1,250; credit Merchandise Inventory, $1,250