Part 1 of 2 22 Jason Henry 25 Frank Booth 28 Albert Co. 311 312 313 225 175 250 155 95 170 2.77 points 02:43:39 Book Print Knowledge Check 01 Armstrong Company sold $500 of merchandise (with a cost of $250) on credit to Babbling, Inc. This transaction is recorded in Armstrong's sales journal by entering 500 in the Accounts Receivable Dr. Sales Cr column. O 500 in the Accounts Receivable Dr Sales Ct. column and 250 in the Cost of Goods Sold Dr. Inventory Ct. column. O 250 in the Accounts Receivable Dr. Sales Cr column. O 250 in the Accounts Receivable Dr. Sales Cr. column and 500 in the cost of Goods Sold Dr. Inventory Ct column