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Forever Jewelers uses the perpetual inventory system. On April 2, Forever sold merchandise with a cost of $4,500 for $7,000 to a customer on account
Forever Jewelers uses the perpetual inventory system. On April 2, Forever sold merchandise with a cost of $4,500 for $7,000 to a customer on account with terms of 4/15, n/30. Which of the following journal entries correctly records the sales revenue? FERRE 6,720 O A. Sales Revenue Accounts Receivable 6,720 6,720 O B. Accounts Receivable Sales Revenue 6.720 6.720 O C. Sales Revenue Cost of Goods Sold 6.720 4,500 O D. Accounts Receivable Sales Revenue 4,500
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