On May 1, Shilling Company sold merchandise in the amount of $5,800 to Anders, with credit terms of 2/10, n/30. The cost of the items sold is $4,000. Shilling uses the perpetual inventory system and the gross method. The journal entry or entries that Shilling will make on May 1 is (are): Account Title Accounts Receivable 5,800 Sales Cost of Goods sold 4.000 Merchandise Inventory Debit Credit 5,800 4.000 Account Title Sales Accounts receivable Debit Credit 5,800 5,800 Account Title Sales Accounts Receivable Cost of Goods sold Merchandise Inventory Debit Credit 5.800 5.800 4.000 4.000 Account Title Accounts Receivable 4,000 Sales Debit Credit 4.000 Account Title Accounts Receivable 5,800 Sales Debit Credit 5,800