The Corbit Corp. sold merchandise for $10,000 cash. The cost of the goods sold was $7,590. The journal entries to record this transaction under the perpetual inventory system would be Cash 10.000 Sales 10,000 Cost of Goods Sold 7,590 Inventory 7,590 Cash 10.000 Inventory 10,000 Cost of Goods Sold 7,590 Sales 7,590 Cash 10,000 Sales 10.000 Cost of Goods Sold 10,000 Inventory 10,000 O Cash 7,590 Sales 7,590 Cost of Goods Sold 7,590 Inventory 7,590