Cumberland Co. sells $2,000 of inventory to Hancock Co. for cash Cumberland paid $1,250 for the merchandise. Under a perpetual inventory system, which of the following journal entry(ies) would be recorded? O a. debit Cash, $2,000 credit Sales, $2,000 and debit Cost of Merchandise Sold, $1,250; credit Merchandise Inventory, $1,250 b. debit Cash, $2,000; credit Merchandise Inventory, $1,250 c. debit Cash, $1,250;credit Sales, $1,250 d. debit Accounts Receivable, $2,000 credit Sales, $2,000; and debit Cost of Merchandise Sold, $1,250, credit Merchandise Inventory, $1,250