To record the sale of goods for cash in a perpetual Inventory system: Select one O a Only one journal entry is necessary to record the receipt of cash and the sales revenue Ob Two journal entries are necessary one to record the receipt of cash and sales revenue and one to record the cost of goods sold and reduction of inventory O C. Only one journal entry is necessary to record cost of goods sold and reduction of inventory d. None of the above e. Two journal entries are necessary one to record the receipt of cash and reduction of inventory and one to record the cost of goods sold and sales revenue