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A company s trial balance shows a difference between the debit and credit columns. Upon investigation, it is found that a purchase of inventory worth

A companys trial balance shows a difference between the debit and credit columns. Upon investigation, it is found that a purchase of inventory worth $5,000 was recorded in the Purchases Account but was mistakenly credited to the Cash Account instead of debiting it. What will be the correct adjusting entry?
Question 4 options:
Debit Purchases $5,000, Credit Cash $5,000
Debit Cash $5,000, Credit Purchases $5,000
Debit Purchases $10,000, Credit Cash $10,000
Debit Cash $10,000, Credit Purchases $10,000

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