Abbott Compan) purchased $6.500 of merchandise inventory on account. Advent uses the perpetual in% entor) method. Which

Fantastic news! We've Found the answer you've been seeking!

Question:

Abbott Compan) purchased $6.500 of merchandise inventory on account. Advent uses the perpetual in% entor) method. Which of the following entries would be required to record this transaction?

	Accounts Payable	6.500
A.	Purchases		6.500
	Inventory	6.500
B.	Accounts Payable		6,500
	Cost of Goods Sold	6,500
C.	Accounts Payable		6,500
	Accounts Payable	6,500
D.	Inventory		6,500