X$-$Mart uses the perpetual inventory system to account for its merchandise. On May $1,$ it sold $$1,400$ of merchandise on credit. The original cost of the merchandise to X$-$Mart was $$500.$ Demonstrate the required journal entry to record the sale and the cost of the sale by selecting all of the correct actions below. $($Check all that apply.$)$

Multiple select question.

Credit Accounts Receivable $$1,400.$

Credit Sales $$1,400.$

Debit Sales $$1,400.$

Debit Cost of Goods Sold $$500.$

Credit Merchandise Inventory $$500.$

Debit Merchandise Inventory $$500.$

Debit Accounts Receivable $$1,400.$

Credit Cost of Goods Sold $$500.$