Cullumber Corporation purchases $1400 of merchandise on account from Enterprise Company, terms 4/10, n/30. Cullumber and Enterprise both use periodic inventory systems. Cullumber's entry record this transaction is: Accounts Payable Inventory Accounts Payable Purchases Inventory Accounts Payable 1400 1400 1400 1400 1400 1400 Purchases 1400 Accounts Payable 1400