Alpha purchased inventory on credit for $5,000 with terms 2/10, n30, FOB Destination. As of the end of the year, the inventory was not received. Using the periodic inventory system, which of the following journal entries should be recorded?

Debit Purchases 5,000, credit Accounts Payable 5,000

Debit Inventory 5,000, credit Accounts Payable 5,000

The correct answer is not listed.

Debit Purchases 4,900, credit Accounts Payable 4,900

No journal entry because the inventory was not received.