ESG company sold merchandise for $4,000 cash, which has a cost basis of $2,000. The journal entry to record this transaction includes: O Dr. to cash and Cr. to sales, $2,000 Dr. to cash and Cr. to sales; $4,000 O Dr to accounts receivable and Cr. to sales; $4,000 O Dr. to accounts receivable and Cr. to sales; $2,000 QUESTION 14 Hazards company had the following data: Beginning inventory (on May 1) Purchases during May Cost of goods sold during May $380 $5,400 $5,740 Based on the above data, calculate ending inventory as of May 30: $380 $340 $5,740 $40