On June 30, Caroline, Inc. finished Job 750 with total job costs of $4400 and transferred the costs to Finished Goods Inventory. On July 6, Caroline sold goods from Job 750 to a customer for $6000 cash. Which of the following is the correct entry needed to record the revenue earned? Assume the perpetual inventory system is used.
A) debit Finished Goods Inventory $4400 and credit Sales Revenue $4400
B) debit Cash $6000 and credit Sales Revenue $6000
C) debit Sales Revenue $6000 and credit Cash $6000
D) debit Cost of Goods Sold $4400 and credit Sales Revenue $4400
B) debit Cash $6000 and credit Sales Revenue $6000
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