Question 3 7.200 The Corbit Corp, sold merchandise for cash, $7,200. The cost of the merchandise sold was $3,950. The journal entry(s) to record this transaction would be Cash 7,200 Merchandise Inventory 7,200 Oa Cost of Merchandise Sold 3,950 Sales 3,950 Cash 7.200 Sales Ob Cost of Merchandise Sold 7,200 Merchandise Inventory 7,200 Cash 3,950 Sales 3,950 Cost of Merchandise Sold 3,950 Merchandise Inventory 3,950 Cash 7,200 Sales 7,200 Cost of Merchandise Sold 3,950 Merchandise Inventory 3,950