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A sole trader took some goods costing $800 from inventory for his own use. The normal selling price of the goods is $1,600. Which of

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A sole trader took some goods costing $800 from inventory for his own use. The normal selling price of the goods is $1,600. Which of the following journal entries would correctly record this? DEBIT CREDIT $ $ Inventory account 800 Purchases account 800 Drawings account 800 Purchases account 800 Sales account 1,600 Drawings account 1,600 Drawings account 800 Sales account 800 (2 marks)

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