If a Company Is Using a Periodic Inventory System, Which $\quad 10,000$

Multiple Choice

If a company is using a periodic inventory system, which of the following entries is the correct journal entry to record the purchase of $10,000 of merchandise on account?
A. Dr. Inventory $\quad 10,000$
$\quad$ Cr. Accounts payable $\quad 10,000$
B. Dr. Inventory $\quad$ 10,000
$\quad$ Cr. Purchases $\quad$ 10,000
C. Dr. Purchases $\quad 10,000$
$\quad$ Cr. Inventory $\quad$ 10,000
D. Dr. Purchases $\quad 10,000$
$\quad$ Cr. Accounts payable $\quad$ 10,000

A) Option A
B) Option B
C) Option C
D) Option D