The Journal Entry to Record the Purchase of Inventory on Account

Multiple Choice

The journal entry to record the purchase of inventory on account under the periodic inventory system is:

A) debit Inventory and credit Accounts Payable.
B) debit Purchases and credit Accounts Payable.
C) debit Cost of Goods Sold and credit Accounts Payable.
D) debit Inventory and credit Cost of Goods Sold.