Pots and Things, a cookware retailer, sells a coffee machine to a customer for $150. The customer pays $100 in cash and puts the rest on her store credit account. Which one of the following statements describes the most appropriate accounting for the transaction?

• Debit cash $100; debit accounts receivable $50; credit cost of good sold $150

• Debit cash $100; debit accounts receivable $50; credit revenues $150

• Debit revenues $150; credit cash $100; credit accounts receivable $50

• Debit cash $100; debit accounts receivable $50; credit inventory $150