Wright Company Recently Made a $10,000 Purchase from a Major

Multiple Choice

Wright Company recently made a $10,000 purchase from a major supplier. Shipping costs were $200, terms FOB shipping point. To record this purchase, Wright Company will need to debit the

A) Merchandise Inventory account for $10,000.
B) Cost of Goods Sold account for $200.
C) Merchandise Inventory account for $10,200.
D) Cost of Goods Sold account for $10,200.