Youtube Maps Translate Canvas Saved iz (due 09/22) Help Save & Exit Davis Hardware Company uses a perpetual inventory system. How should Davis record the sale of merchandise, costing $700, and sold on account for $11207 Multiple Choice Inventory Accounts receivable Sales Sales revenue 700 700 1,120 1,120 1,120 1,120 Accounts receivable Sales revenue Cont of goods sold Inventory 700 700 Inventory Gain on sale sales revenge 700 420 1,120 1.120 Accounts receivable Sales revenue 700