A company purchased inventory for $5,000. The company paid $1,000 cash and the remainder of the purchase was made on account.

What is included in the journal entry necessary to record this inventory purchase?

1. Debit to A/R for $4,000

2. Credit to A/R for $4,000

3. Debit to A/P for $4,000

4. Credit to A/P for $4,000