What is the Journal Entry in Joe Retailers books under the Periodic Inventory System?

April 24. Joe Retailer sold to Customer A, on account, merchandises vlaued at $10,500, credit terms 2/10, n/30. The merchandises had originally cost Joe Retailer $8,500. What is the Jounal Entry in Joe Retailer's books under the Periodic Inventory System? a. Accounts Receivable Sales Revenue 10,500 10,500 10,500 b. Purchases Accounts Payable 10,500 10,500 8,500 Accounts Receivable C. Cost of Goods Sold Sales Revenue Inventory 10,500 8,500 10,500 8,500 Purchases d. Cost of Goods Sold Accounts Payable Inventory 10,500 8,500