Sellers Farm sold livestock to a customer for $12,000 on account. Which journal entry should Sellers Farm record for this transaction? (Ignore cost of goods sold.)

Group of answer choices

Debit Accounts Receivable for $12,000 and credit Sales Revenue for $12,000.

Debit Accounts Receivable for $12,000 and credit Retained Earnings for $12,000.

Debit Accounts Payable for $12,000 and credit Sales Revenue for $12,000.

Debit Cash for $12,000 and credit Sales Revenue for $12,000