Bayer Company uses the periodic inventory system. Bayer Company sold goods on account with a retail price of $800 and a cost of $500. What journal entries are prepared?

. A. debit Accounts Receivable for $ 500 and credit Sales Revenue for $ 500 .

B. debit Inventory for $ 500 and credit Purchases for $ 500 .

C. debit Accounts Receivable for $ 800 and credit Sales Revenue for $ 800 , debit Cost of Goods Sold for $ 500 and credit Inventory for $ 500 .

D. debit Accounts Receivable for $ 800 and credit Sales Revenue for $ 800 .