Cumberland Co. sells $1,189 of Inventory to Hancock Co. for cash. Cumberland pald $799 for the merchandise. Under a perpetual inventory system, which of the following journal entry(les) would be recorded? Oa. debit Cash, $799; credit Sales, $799 Ob. debit Accounts Receivable, $1,189; credit Sales, $1,189; and debit Cost of Merchandise Sold, $799, credit Merchandise Inventory, $799 Oc. debit Cash, $1,189; credit Sales, $1,189; and debit Cost of Merchandise Sold, $799; credit Merchandise Inventory, $799 Od. debit Cash, $1,189; credit Merchandise Inventory, $799