Alpha made a sale of $10,000 to a customer on account with terms FOB Shipping Point. Alpha uses the perpetual inventory system and has a gross profit percent of 30%. All of the merchandise was shipped at the end of the year, but not received by the customer. Which of the following journal entries should be recorded?

Group of answer choices

Debit Accounts Receivable 10,000, credit Sales 10,000, debit Cost of Goods Sold 7,000, credit Inventory 7,000

The correct answer is not listed.

Debit Accounts Receivable 10,000, credit Sales 10,000, debit Cost of Goods Sold 3,000, credit Inventory 3,000

Debit Accounts Receivable 10,000, credit Sales 10,000

No journal entry because the merchandise was not received.