D Question 6 7 pts On March 12. Fret Company sold merchandise in the amount of $7,800 to Babson Company, with credit terms of 2/10, n/30. The cost of the items sold is $4,500. Fret uses the perpetual inventory system and the gross method of accounting for sales. The joumal entry or entries that Fret will make on March 12 is (are): Account Title Sales Debit Cred 7,800 Accounts Receivable 7,800 0 Account Title Debit Credit Sales 7,800 7,800 0 Accounts Receivable Cost of Goods Sold 4,500 Merchandise Inventory 4,500 Account Title Debit Credit Accounts Receivable 7,800 Sales 7,800 Account Title Debit Credit Accounts Receivable 7,800 Sales Cost of Goods Sold 4,500. 7,800 Merchandise Inventory 4,500 Account Title Debit Credit: Accounts Receivable 4.500 Falor 4.500