The Entry to Record a Credit Purchase When the Perpetual $\quad$

Multiple Choice

The entry to record a credit purchase when the perpetual method is employed is:

A) Dr Purchases $\quad$ $\quad$ Cr Accounts payable
B) Dr Purchases $\quad$ $\quad$ Cr Inventory
C) Dr Inventory $\quad$ $\quad$ Cr Accounts payable
D) Dr Cost of goods sold $\quad$ Cr Accounts payable