Star School Supplies uses the periodic Inventory system to record sales and purchases of merchandise. On August 28, it received $3,770 from cash sales. The cost of goods sold was $2,220. What is the journal entry to record these sales?

a. Debit Accounts Receivable for $3,770 and credit Sales for $3,770

b. Debit Cash for $3,770, credit Cost of Goods Sold for $2,220, and credit Inventory for $1,550

c. Debit Cash for $3,770 and credit Sales for $3,770

d. Debit Cost of Goods Sold for $2,220 and credit Sales for $2,220

a. Debit Acouns recelvable for $3,770 and aredt sales for $3,770 b. Dobt Canh for 53,770 , credit Cont of Coods 50 ld for $2,220, and credit Imentory for $1,550 c. Debit Cash for $3,270 and credtr Sales for $3,770 d. Debit Cont of coods Sold for $2,220 and predt Sules far $2,220