Remaining Time: 2 hours, 17 minutes, 09 seconds. * Question Completion Status: A Moving to another question will save this response. Question 7 of 14 Question 7 1 points Save Answer Mrs. Jacobs has difficulties understanding how inventory should be recorded at the end of the year. Mrs. Jacobs bought inventory of R11 200 for her business from a supplier on credit. The inventory has not been delivered to the business at year-end. No entry for this inventory has been made in the accounting records. The business use the perpetual inventory system to record inventory. Select the correct journal to record the transaction. O Debit Accounts payable, Credit Purchases O Debit Inventory in transit, Credit Accounts payable O Debit Accounts payable, Credit Inventory in transit O Debit Inventory, Credit Accounts payable O Debit Purchases, Credit Accounts payable O Debit Accounts payable, Credit Inventory Question 7 of 14