A Company Purchased on Credit and Received $2,500 Worth of Goods

Multiple Choice

A company purchased on credit and received $2,500 worth of goods to be sold in their stores.How would the event be recorded?

A) A $2,500 increase in inventory and a $2,500 increase in expenses.
B) A $2,500 increase in expenses and a $2,500 increase in accounts payable
C) A $2,500 increase in inventory and a $2,500 increase in accounts payable.
D) The event would not be recorded at this time.