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Landon Jewelers uses the perpetual inventory system. On April 2, Landon sold merchandise with a cost of $1,600 for $6,400 to a customer on account

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Landon Jewelers uses the perpetual inventory system. On April 2, Landon sold merchandise with a cost of $1,600 for $6,400 to a customer on account with terms of 1/15, n/30. The journal entry to record the cost of goods sold would be: 1,600 1,600 1,600 O A. Merchandise Inventory Cost of Goods Sold B. Sales Revenue Cost of Goods Sold O C. Cost of Goods Sold Accounts Receivable OD. Cost of Goods Sold Merchandise Inventory 1,600 1,600 1,600 1,600 1,600

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