Able sells and delivers a piece of equipment to Smythe for $1,800 on August 1 and the equipment cost $1,500. The sale is a credit sale. How is this transaction accounted for under a perpetual system of inventory? 1,800 1,800 1,500 O A. Accounts Receivable Sales Revenue Cost of Goods Sold Inventory OB. Sales Revenue Accounts Receivable 1,500 1,500 1,500 O C. Sales Revenue Accounts Receivable 1,800 1,800 O D. Accounts Receivable Sales Revenue 1,500 1,500