QUESTION 11 2 points Save Answer i. The owner took goods with a selling price of R1 400 for personal use. The entity maintained a gross profit percentage of 30% (on selling price) and applies the perpetual inventory system. What would the correct double entry of this transaction be? Debit Drawings, R980 ii. Debit Drawings, R1 077 Debit Drawings, R1 400 iv. Credit Inventory, R980 v. Credit Inventory, R1 077 Credit Inventory, R1 400 vii. Credit Purchases, R980 O i and vii. ii and v. vi. iii and vi. O i and iv