The Beehive Company Acquired Merchandise Inventory Costing $10,000 on September

Multiple Choice

The Beehive Company acquired merchandise inventory costing $10,000 on September 1. The company will not pay for the inventory until October 1. This transaction will affect the Beehive Company by:

A) increasing the Merchandise Inventory account by $10,000 and decreasing the Capital account by $10,000
B) increasing the Merchandise Inventory account by $10,000 and decreasing the Accounts Payable account by $10,000
C) increasing the Merchandise Inventory account by $10,000 and increasing the Capital account by $10,000
D) increasing the Merchandise Inventory account by $10,000 and increasing the Accounts Payable account by $10,000