Cumberland Co. sells $952 of merchandise to Hancock Co. for cash. Cumberland paid $723 for the merchandise. Under a perpetual inventory system, which of the following is the correct journal entry(ies)? Oa. debit Cash, $952; credit Sales, $952; and debit Cost of Merchandise Sold, $723; credit Merchandise Inventory, $723 Ob. debit Cash, $952; credit Merchandise Inventory, $723 Oc. debit Accounts Receivable, $952; credit Sales, $952; and debit Cost of Merchandise Sold, $723; credit Merchandise Inventory, $723 Od. debit Cash, $723; credit Sales, $723