A company that uses the perpetual inventory system sold goods to a customer for cash for $3,000. The cost of the goods sold was $1,000. Which of the following journal entries correctly records this transaction?
A.
Cost of Goods Sold $3,000
Sales Revenue................$3,000
B.
Merchandise Inventory $3,000
Sales Revenue................$$3,000
C.
Accounts Receivable....$3,000
Cash................$$3,000
D.
Cash ................$$3,000
Sales Revenue................$ $3,000
Cost of Goods Sold................$ $1,000
Merchandise Inventory................$$1,000