Northern Corporation sold goods to Eastern Enterprises for $1,000 on account Cost of goods sold was 5745 Northem uses a perpetuat inventory system and special journals. The cost of goods sold is recorded in the column of the sales journal O A. Cost of Goods Sold DR. Merchandise Inventory CR OB. Cost of Goods Sold CR Merchandise Inventory OR OC. Accounts Receivable DR. Sales Revenue CR OD. Sales Revenue DR. Accounts Receivable CR