4. The journal entry for the purchase of inventory on account for $10,000 is:

Group of answer choices

a. Debit Inventory/ Credit Accounts Payable

b. Debit Sales/Credit Inventory

c. Debit Sales/Credit Accounts Payable

d. Debit Accounts Payable/Credit Inventory

5. The journal entry for the payment of the payable created in problem 4 is:

Group of answer choices

a. Debit Cash/Credit Accounts Payable

b. Debit Accounts Payable/Credit Inventory

c. Debit Accounts Payable/Credit Cash

d. Debit Inventory/Credit Accounts Payable