During January, Wells Corporation Purchased $100,000 of Inventory; They Paid

Multiple Choice

During January, Wells Corporation purchased $100,000 of inventory; they paid one-fourth in cash and signed a note for the remaining balance.
This transaction will be recorded as:

A) Inventory 100,000
Cash 75,000
Notes Payable 25,000
B) Inventory 100,000
Cash 25,000
Accounts Payable 75,000
C) Inventory 100,000
Accounts Payable 75,000
Cash 25,000
D) Inventory 100,000
Cash 25,000
Notes Payable 75,000