accounting entry for this purchase will be a O A. Dr. Inventory and Cr. Accounts Payable O B. Dr. Purchases Returns and Cr. Cost of Goods Sold C. Dr. Inventory and Cr. Cash O D. Dr. Purchases and Cr. Cash If the inventory is purchased on account, the accounting entry for this purchase will be a O A. Dr. Inventory and Cr. Accounts Payable O B. Dr. Purchases Returns and Cr. Cost of Goods Sold O C. Dr. Inventory and Cr. Cash O D. Dr. Purchases and Cr. Cash