Junebug, Inc., a textbook retailer, is preparing its $2017$ annual financial statements. On the last day of the $2017$ year, Junebug$$s warehouse receives a shipment of $10,000$ textbooks. The accompanying invoice from the publisher is for $$467,000,$ which will be paid by Junebug in $2018.$ Junebug hopes to sell those textbooks in $2018$ for $$867,000.$

What entry should Junebug make with respect to its $2017$ financial statements?

Group of answer choices

Debit A$/$R for $$867,000,$ credit sales for $$867,000$

Debit cost of goods sold for $$467,000,$ credit cash for $$467,000$

Debit inventory for $$467,000,$ credit A$/$P for $$467,000$

None of the other answers are correct

Debit inventory for $$467,000,$ credit A$/$R for $$467,000$