Assume the periodic inventory system. Cayla Company sold inventory to Clarkson Company for $2,000 with agreement from Clarkson that payment will be made at the end of the month. Which of the following is the journal entry to be made by Cayla Company?

A) Cost of Goods Sold 2,000

Sales 2,000

B) Cash 2,000

Inventory 2,000

C) Accounts Receivable 2,000

Sales 2,000

D) Cash 2,000

Sales 2,000

E) Cash 2,000

Accounts Payable 2,000