A company that uses the perpetual inventory system sold goods to a customer on account for $3,700. The cost of the goods sold was $1,850. Which of the following journal entries correctly records this transaction? A. Cost of Goods Sold 3,700 Sales Revenue 3,700 B. Accounts Receivable 3,700 Cash Cost of Goods Sold 3,700 1,850 Merchandise Inventory 1,850 C. Accounts Receivable 3,700 Sales Revenue Cost of Goods Sold 1,850 Merchandise Inventory 1,850 D. Merchandise Inventory 3,700 Cost of Goods Sold 3,700