A company that uses the perpetual inventory system sold goods to a customer for cash for $3,000. The cost of the goods sold was $1,000. Which of the following journal entries correctly records this transaction?

A.

Cost of Goods Sold $3,000

Sales Revenue $3,000

B.

Merchandise Inventory $3,000

Sales Revenue $3,000

C.

Accounts Receivable $3,000

Cash $3,000

D.

Cash $3,000

Sales Revenue $3,000

Cost of Goods Sold $1,000

Merchandise Inventory $1,000