A company purchases $10,000 in inventory that will be paid for in 60 days. Which of the following best describes the journal entry to record this transaction?

Debit cash $10,000; credit inventory $10,000
Debit inventory $10,000; credit cash $10,000
Debit accounts payable $10,000; credit inventory $10,000
Debit inventory $10,000; credit accounts payable $10,000