Hammer Hardware sold goods to James Brown on credit at a price of $2,750.00 including GST. What is the correct accounting entry to record this transaction in Hammer Hardwares books under periodic inventory system, if GST applies?

a.

Debit accounts receivable $2,750; credit Sales $2,500; credit GST collected $250.

b.

Debit Accounts receivable $2,500; debit GST collected $250; credit Sales $2,750.

c.

Debit Accounts receivable $2,500; credit Sales $2,500.

d.

Debit Accounts receivable $2,750; credit Sales $2,750.