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Owens Jewelers uses the perpetual inventory system. On April 2, Owens sold merchandise with a cost of $5,500 for $7,000 to a customer on account
Owens Jewelers uses the perpetual inventory system. On April 2, Owens sold merchandise with a cost of $5,500 for $7,000 to a customer on account with terms of 1/15, n/30. Which of the following journal entries correctly records the sales revenue? O Sales Revenue 6.930 Accounts Receivable 6,930 O Sales Revenue 7,000 Cost of Goods Sold 7,000 O Accounts Receivable 5.500 Sales Revenue 5,500 Accounts Receivable 6,930 Sales Revenue 6,930
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