Stopwatch Company sells product for $20,000 on account. The total cost of the inventory sold is $15,000. Assuming the company uses a perpetual inventory system, which of the following should be reflected in the journal entries to record the sale? Multiple Choice Debit Inventory $20,000; credit sales revenue $20,000. C Debit Inventory $20,000; credit accounts payable $20,000. O O Debit cost of goods sold $20,000; credit Inventory $20,000. O Debit accounts receivable $20,000; credit sales revenue $20,000