Select the correct answer.
Adidea Corp. purchased 500 units of merchandise at $15 per unit from a vendor. It pays 50 percent of its purchase with cash and puts the rest on
credit. How will the company record this transaction, assuming it uses a perpetual system?
OA. Inventory (debit) 7,500, Cash (credit) 3,750; Accounts receivable (credit) 3,750
OB.
Inventory (debit) 7,500; Cost of goods sold (credit) 7,500, Accounts payable (credit) 3,750
C. Inventory (debit) 7,500; Cash (credit) 3,750, Accounts payable (credit) 3,750
X D. Inventory (debit) 7,500; Purchase (credit) 7,500, Accounts receivable (credit) 3,750
o
