Forever Jewelers uses the perpetual inventory system. On April​ 2, Forever sold merchandise with a cost of $ 1 comma 500$1,500 for $ 9 comma 000$9,000 to a customer on account with terms of 22​ /15, ​ n/30. Which of the following journal entries correctly records the sales​ revenue?

a. Accounts Receivable 6,720

Sales Revenue 6,720

b. Sales Revenue 6,720

Accounts Receivable 6,720

c. Sales Revenue 6,720

Cost of Goods Sold 6,720

d. Accounts Receivable 1,500

Sales Revenue 1,500

Accounts Receivable $8,820

To Sales Revenue $8,820

Explanation:

The journal entry to record the sales revenue is shown below:

Accounts receivable A/c Dr $8,820

To Sales revenue A/c $8,820

(Being merchandise sold on credit basis)

For recording this we debited the account receivable as it increased the assets and credited the sales revenue as it also increased the revenue

The computation of sales revenue is shown below:

= Sales revenue - discount

= $9,000 - $9,000 * 2%

= $9,000 - $180

= $8,820

This is the answer but the same is not provided in the given options