the last choice

Davis Hardware Company uses a perpetual inventory system. How should Davis record the sale of merchandise, costing $660, and sold on account for $1,040? Multiple Choice Inventory Gain on sale Sales revenue 660 380 1,040 660 660 Inventory Accounts receivable Sales Sales revenue 1,040 1,040 1,040 1,040 Accounts receivable Sales revenue Cost of goods sold Inventory 660 660 Inventory 660 1,040 Accounts receivable Sales revenue Gain on sale 660 380