Question 1 2 pts A company sold merchandise with a cost of $500 for $3,000 on account. The seller uses the perpetual inventory system. The entry to record the sale would be: O Accounts Receivable 3,000 Sales Revenue 3,000 Cost of Goods Sold 500 Merchandise Inventory 500 O Cash 3,000 Sales Revenue 3,000 Merchandise Inventory 500 Cost of Goods Sold 500 Sales Revenue 3,000 Merchandise Inventory 3,000 Cash 500 Cost of Goods Sold 500 O Cash 3,000 Sales Revenue 3,000 Cost of Goods Sold 500 Merchandise Inventory 500