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Deja Brew Company purchased 20 units of inventory on account for $80 per unit. The correct journal entry to record the purchase of inventory is:

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Deja Brew Company purchased 20 units of inventory on account for $80 per unit. The correct journal entry to record the purchase of inventory is: Debit 1,600 Credit Accounts Receivable Inventory 1,600 Credit Debit 1,600 Inventory 1,600 Accounts Payable Credit Debit 1,600 Cost of Goods Sold Inventory 1,600 Credit Debit 1,600 Accounts Payable Inventory 1,600 Credit Debit 1,600 Accounts Receivable 1,600 Sales Revenue

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