Able sells a piece of equipment to Westfall for $2,000 on August 1. The equipment cost $800. The sale is a credit sale. How is the transaction accounted for under a periodic system of inventory?

A. Sales Rev 2000

A/R 2000

B. A/R 2000

Sales Rev 2000

C. A/R 800

Sales Rev 800

D. Sales Rev 800

A/R 800