This question! A company that uses the perpetual invertory system purchased 600 executive chairs for $300 each and 300 basic chars for $250 each. The company sold 300 executive chairs and 200 basic chairs for a total of $150 000 on account. The company uses the specific-iderefication method of inventory costing Which of the following entries correctly recorts the sale and the cost of goods sold? OA Accounts Receivable 150,000 Sales Revenue 150,000 Cost of Goods Sold 140,000 Merchandise Inventory 140.000 On Cost of Goods Sold 150.000 Sales Revenue 150.000 Accounts Receivable 140.000 Merchandise Inventory 140.000 Oc Cost of Goods Sold 140.000 Sales Revenue 140000 Accounts Receivabl 150.000 Merchandise ventry 150 000 Ob Arco Receivable 150 000 Sales Revere 140.000