On July 10, ABC Company sold merchandise in the amount of $7.500 to XYZ Company with credit terms of 2/10 n60, the cost of the items sold in $3,000. What is the journal entry) to be recorded on July 30 A Accounts receivable.. 4 7,500 Merchandise Inventory. 7,500 Cost of goods sold 3,000 Sales 3,000 Accounts receivable. Sales Cost of goods sold 7,500 7,500 3.000 Merchandise Inventory. C Sales Accounts receivable. GD Accounts receivable Sales 3,000 7,500 7,500 7.500 7,500