True Blue Jeans made a sale for $12,000 cash, the cost of these goods was $7,200. When a company uses the perpetual inventory system the journal entry would be:

A.

Sales Revenues	12,000
Merchandise Inventory		12,000
Cash	7,200
Cost of Goods Sold		7,200

B.

Cash	12,000
Sales Revenue		12,000
Cost of Goods Sold	7,200
Merchandise Inventory		7,200

C.

Accounts Receivable	12,000
Sales Revenue		2,000
Cost of Goods Sold	7,200
Merchandise Inventory		7,200

D.

Cash	12,000
Sales Revenue		12,000
Merchandise Inventory	7,200
Cost of Goods Sold		7,200