Cumberland Co. sells $962 of merchandise to Hancock Co. for cash. Cumberland paid $741 for the merchandise. Under a perpetual inventory system, which of the following is the correct journal entry(ies)? Oa di Candi Merchandise is 3741 Ob dh As Receivable, 5962 credit hales, 5962, and debil Cost of Merchandise Sold $741; and Menhandise Inventory 5741 Oc di C 1, cdo Sales, $141 Od. hit C2, emdi Sales, 5962, and debit Cost of Merchandise Sold, 3741, credie Merchandise Inventury, $741