The journal entries to record the cash sale of goods to a customer at a selling price of $50, where the company had paid $30 for the goods last period, would include Oa debit of $50 to cash and credit of $50 to revenue; a debit of $30 to cost of goods sold and a credit of $30 to inventory. Oa debit of $50 to cash and a credit of $30 to inventory and a credit of $20 to revenue. Oa debit of $20 to cash and a debit of $30 to inventory and a credit of $50 to revenue. Oa debit of $30 to cash and a credit of $30 to revenue; a debit of $50 to cost of goods sold and a credit of $50 to inventory