A company that uses the perpetual inventory system purchased 500 pallets of industrial soap for $8,000 and paid $850 for the freight - in. The company sold the whole lot to a supermarket chain for $13;000 on account. Which of the following entries correctly records the sale? ? Time Remaining: 01:52:57 B. Merchandise Inventory 13,000 Cost of Goods Sold 13,000 C. Cost of Goods Sold 13,000 Sales Revenue 13,000 D. Accounts Receivable 13,000 Sales Revenue Cost of Goods Sold Merchandise Inventory 8,850