During January 2016, Fargo Corporation purchased $400,000 of inventory; they paid one-fourth in cash, and signed a note for the remaining balance. This transaction will be recorded as: Question 7 options:

A)Inventory400,000Cash100,000Accounts Payable300,000B)Inventory400,000Cash100,000Notes Payable300,000C)Inventory400,000Cash300,000Notes Payable100,000D)Inventory400,000Cash300,000Accounts Payable100,000