VU Help Save & Exit Submi On May 1, Shilling Company sold merchandise in the amount of $5,800 to Anders, with credit terms of 2/10,n/30. The cost of the items sold is $4,000. Shilling uses the perpetual inventory system and the gross method. The journal entry or entries that Shilling will make on May 1 is (are): Multiple Choice 5,800 Sales Accounts receivable 5,800 5,800 5,800 Sales Accounts receivable Cost of goods sold Merchandise Inventory 4,000 4,000 5,800 Accounts receivable Sales 5,800 5,800 5,800 Accounts receivable Sales Cost of goods sold Merchandise Inventory 4,000 4.000 4.000 Accounts receivable Sales 4.000