On July 1, Darin Company sold inventory costing $5,000 to Dee Company for $6,000, terms 3/10, n/30. Both companies use a perpetual inventory system. What journal entry will be recorded by Dee Company on July 1?

Multiple Choice

• Debit Inventory and credit Accounts Receivable for $6,000.

• Debit Cost of Goods Sold and credit Inventory for $4,500.

• Debit Purchases and credit Accounts Payable for $6,000.

• Debit Inventory and credit Accounts Payable for $6,000.