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Cumberland Co sells $2,000 or inventory to Hancock Co. for cash. Cumberland paid $1,250 for the merchandise. Under a perpetual inventory system, which of the

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Cumberland Co sells $2,000 or inventory to Hancock Co. for cash. Cumberland paid $1,250 for the merchandise. Under a perpetual inventory system, which of the following journal entry(les) would be recorded? Oa debit Accounts Receivable, 52,000 crodie Salen, 52,000 and debit Cont of Good Sol, $1,250, credit lavemory. $1.250 Ob debit C, 51,250, credit Salen, 51,250 Oc dehit Cash, 52.001), credit Inventory, 51,250 Od. de Cult, $2,000, credit Sales, $2,000, and debit Com of Goods Sold, $1.291, credit twentory, 51,280

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