15. Jason's Jellybean shop sold Jellybeans with a retail price of S40 and a sales tax of 10% The joumal eary for the Jellybeans would include a a. Debit to Sales Tax Payable of $4 b. Credit to Sales Tax Expense of $4 e Credit to Sales Tax Payable of$4 d. Debit to Sales Tax Expense of s4 Please use the information below to answer questions 16 through 19: During the month, Compary P bought 100 units for $10 per unit on credit, and sold 77 units for $30 per unit on credt Company P started the month with 20 units of inventory. Throughout time, Company P has always bought inventory for $10 per unit. Company Ploses its books every month. 16. Assuming Company P uses the periodic method, which of the following would be recorded upom the purchase of inventory a. Credit Inventory $3,000 b. Debit Inventory $1,000 c. Credit Purchases $3,000 d. Debit Purchases $1,000 1 . Amimpnuseseould b neoded p be uro inventory: a. Credit Inventory $3,000 b. Debit Inventory $1,000 c. Credit Purchases $3,000 d. Debit Purchases $1,000 18. Assuming Company P uses the periodic method, which of the following would be recorded as an adjusting entry at the end of the month, when the company closes its books: a. Debit Cost of Goods Sold $2,310 b. Credit Cost of Goods Sold $2,310 c. No Adjusting Entry is Required d. Debit Cost of Goods Sold $770 Assuming Company P uses the perpetual method, which of the following would be recorded as an adjusting entry at the end of the month, when the company closes its books: a. Debit Cost of Goods Sold $2,310 b. Credit Cost of Goods Sold $2,310 c. No Adjusting Entry is Required d. Debit Cost of Goods Sold $770