A journal entry is made that debits inventory and credits cash (checking account). This journal entry represents which of the following transactions?\ The business purchases inventory from a vendor and writes a check for the merchandise at the time of purchase.\ The business purchases inventory from a vendor and agrees to pay the vendor within 30 days.\ A customer purchases merchandise and writes a check to the business for the merchandise at the time of purchase.

A journal entry is made that debits inventory and credits cash (checking account). This journal entry represents which of the following transactions? The business purchases inventory from a vendor and writes a check for the merchandise at the time of purchase. The business purchases inventory from a vendor and agrees to pay the vendor within 30 days. A customer purchases merchandise and writes a check to the business for the merchandise at the time of purchase