Question 22 ABC Company uses the perpetual inventory method. On March 2, ABC sold $7,250 of merchandise, terms 2/10,n/30 to XYZ. The goods cost $3,800. Select the option that best represents the sale on March 2. Account Cash DR 7,105 HB CR Option A Sales Revenue Cost of Goods Sold 7,105 3,800 Inventory 3,800 Account DR CR 7,105 Cash Option B Sales Revenue Cost of Goods Sold 7,105 3,800 Inventory Account Sales Revenue 3,800 DR CR 7,250 Option C Accounts Receivable Inventory 7,250 3,800 Cost of Goods Sold 3,800 Account DR CR 42 Accounts Receivable 7,250 Option D Sales Revenue Cost of Goods Sold 7,250 3,800 Inventory 3,800 Option E None of the Above