Question 20 (3 points) The Elizabeth Co. purchased 1,000 basketballs for resale to their customers for $10,000 ($10 per unit). The Elizabeth Co. sold 100 basketballs at a selling price of $30 per unit. The sale was made on account with cash to be received the following month. The journal entry to record to record the sale would include a: O Debit to Inventory and a debit to Sales Revenue O Debit to Sale Revenue and a credit to Cost of Goods Sold O Debit to Cost of Goods Sold and a credit to Accounts Receivable. O Debit to Accounts Receivable and a credit to Sales Revenue