Abbott Company purchased $8,000 of merchandise inventory on account. Advent uses the perpetual inventory method. Which of the following entries would be required to record this transaction? Multiple Choice Inventory 8,000 Accounts Payable 8,000 Accounts Payable Purchases 8,000 8,000 Cost of Goods Sold 8,000 Accounts Payable 8,000 Accounts Payable Inventory 8,000 8,000