Landon Jewelers uses the perpetual inventory system. On April 2, Landon sold merchandise with a cost of $3,500 for $8,000 to a customer on account with terms of 1/15, n/30. The journal entry to record the cost of goods sold would be: Your answer: Cost of Goods Sold Accounts Receivable 3,500 3.500 Merchandise Inventory 3,500 Cost of Goods Sold 3,300 Sales Reven 3,500 Cost of Goods Sold 3.500 Cist of Goods Sold 3500 Merchandise Inventory 3,500