A company's chart of accounts includes, in part, the following account numbers and corresponding account titles: Account Number Account Title (1) Cash (2) Merchandise inventory (3) Cost of goods sold (4) Transportation-out (5) Dividends (6) Common stock (7) Selling expense (8) Loss on the sale of land (9) Sales When using a perpetual inventory system, which of the following events is an asset use transaction?

Multiple Choice

Paid cash to purchase inventory

Paid cash for transportation-out costs

Purchased inventory on account

Paid cash for transportation-in costs