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On January 25, Blayne Corporation Bought Merchandise from a Supplier  Cost of Goods Sold 3,600 Inventory 3,600\begin{array}{lc}\text { Cost of Goods Sold } & 3,600 \\\text { Inventory } & 3,600\end{array}

Question 9

Multiple Choice

On January 25, Blayne Corporation bought merchandise from a supplier for $3,600 on account. On February 20, Blayne paid the $3,600 owed to the supplier. The correct entry to record the purchase on January 25 is


A)
 Cost of Goods Sold 3,600 Inventory 3,600\begin{array}{lc}\text { Cost of Goods Sold } & 3,600 \\\text { Inventory } & 3,600\end{array}
B)
 Accounts Payable 3,600 Inventory 3,600\begin{array} { c c } \text { Accounts Payable } & 3,600 \\\text { Inventory } & 3,600\end{array}
C)
Inventory 3,600\quad 3,600
Cost of Goods Sold 3,600\quad 3,600
D)
Inventory 3,600\quad 3,600
Accounts Payable 3,600\quad 3,600

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