A Business Purchased Inventory for $15 000,paying $8 000 Cash

Multiple Choice

A business purchased inventory for $15 000,paying $8 000 cash and the balance of $7 000 due at the end of the following month.The debit and credit entries are:

A) debit cash $8 000, debit accounts payable $7 000; credit inventory $15 000.
B) debit inventory $8 0000; credit cash $8 000.
C) debit inventory $15 000; credit cash $8 000, credit accounts payable $7 000.
D) debit inventory $8 000; credit cash $15 000, credit accounts payable $7 000.