Under a periodic inventory system, which of the following journal entries are recorded at the time goods are sold to the customer for $$500$ on account. $($ purchase price of $$200)$

Group of answer choices

Purchases $$ Debit and Sales $$ Credit

Accounts Receivable $$ Debit and Inventory $$ Credit

Cost of Goods Sold $$ Debit and Inventory $$ Credit

Accounts Receivable $$ Debit and Sales $$ Credit