Tablets Plus made a sale for $2,000 cash, the cost of theses goods is $1,200. When a company uses the perpetual inventory system the journal entry would be: 2,000 O A. Sales Revenues Merchandise Inventory Cash Cost of Goods Sold 2,000 1.200 1,200 OB. Accounts Receivable 2,000 Sales 2,000 Cost of Goods Sold 1,200 Merchandise Inventory 1,200 2.000 2,000 OC. Cash Sales Revenue Merchandise Inventory Cost of Goods Sold 1,200 1,200 2.000 OD. Cash Sales Revenue 2,000 Cost of Goods Sold 1,200 Merchandise Inventory 1,200