On July 10, ABC Company sold merchandise in the amount of $9,000 to XYZ Company, with credit terms of 2/10, n/60. The cost of the items sold is $4,500. What is the journal entry(s) to be recorded on July 10 Accounts receivable Sales 9,000 AO Merchandise Inventory 9,000 Cost of goods sold 4,500 4,500 Sales 9.000 Accounts receivable 9,000. CO Accounts receivable. 9,000 Sales 9,000 Accounts receivable 9,000 Sales 9,000 Cost of goods sold 4,500 Merchandise Inventory 4,500