Which of the following journal entries would be required to

Which of the following journal entries would be required to recognize the cash purchase of $500 of merchandise inventory?

Multiple Choice

• A.
  

  Accounts Titles	Debit	Credit
  Cash	500
  Inventory		500

• B.

• Accounts Titles	Debit	Credit
  Cost of Goods Sold	500
  Cash		500

• C.

• Accounts Titles	Debit	Credit
  Inventory	500
  Cash		500

• D.

• Accounts Titles	Debit	Credit
  Cost of Goods Sold	500
  Inventory		500