A company uses the specific-identification method. The company purchased 30 industrial diamonds for $500 per unit. Later in the month, they purchased another 20 diamonds from another supplier for $480 per unit. On the last day of the month, they sold 18 diamonds to a customer at a price of $800 per unit. Of the 18 diamonds, 3 came from the first batch and the remainder came from the second batch. Which of the following journal entries correctly records the Sales revenues?

A company uses the specific-identification method. The company purchased 30 industrial diamonds for $500 per unit. Later in the month, they purchased another 20 diamonds from another supplier for $480 per unit. On the last day of the month, they sold 18 diamonds to a customer at a price of $800 per unit. Of the 18 diamonds, 3 came from the first batch and the remainder came from the second batch. Which of the following journal entries correctly records the Sales revenues?

Question 6 options:

Inventory	8,700
Sales revenue		8,700

Cash	14,400
Sales revenue		14,400

Sales revenue	14,400
Inventory		14,400

Cash	8,700
Sales revenue		8,700