Nelson Company sold inventory that cost $50 for a price of $120. Of this $120 amount, the company received $40 in cash; the remaining $80 was put on the customers account.

Which ONE of the following would be included in the journal entries necessary to record this sale of inventory for $120?

CREDIT to Sales for $80

CREDIT to Sales for $40

CREDIT to Sales for $90

CREDIT to Sales for $50

CREDIT to Sales for $120