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$$\quad$$\quad$$\quad$ CR Accounts payable
B) DR Purchases $\quad$$\quad$$\quad$$\quad$ CR Inventory
C) DR Inventory $\quad$$\quad$$\quad$$\quad$ CR Accounts payable
D) DR Cost of goods sold $\quad$ CR Accounts payable