Fact Pattern A-Questions #1 through #5: Purchaser is acquiring $15,000 worth of inventory from Seller on "account" (i.e., with credit). The cost to the Seller associated with the goods purchased by Purchaser is $7,000. Purchaser is in Tallahassee, Seller is in New York. Question #1: Under the perpetual method of accounting for inventories, consider the journal entry for the transaction in Fact Pattern A, above, from the Purchaser's perspective. The Purchaser will: a. Debit Purchases for $15,000. b. Credit Inventory for $15,000. C. Credit cash for $15,000. d. Debit Inventory for $15,000. Question #2. Under the perpetual method of accounting for inventories, consider the journal entry for the transaction in Fact Pattern A, above, from the Seller's perspective. The Seller will: a. Debit COGS for $15,000. b. Debit Account Payable for $15,000. C. Credit Sales Revenue for $15,000. d. Credit Prepaid Sales Revenue for $15,000. e. Credit Sales Revenue for $7,000. Question #3. Under the perpetual method of accounting for inventories, consider the journal entry for the transaction in Fact Pattern A, above, from the Seller's perspective. The Seller will: a. Debit COGS for $15,000. b. Debit Sales Revenue for $15,000. C. Credit Inventory for $15,000. d. Credit Inventory for $7,000. e. Credit Purchases for $7,000. Question #4. Under the periodic method of accounting for inventories, consider the journal entry for a payment for freight charges in the amount of $500 if the freight charges are paid on "account" (i.e., by credit) and if the shipping designation is FOB New York. The person "paying" the freight will: a. Debit Inventory for $500. b. Debit Freight-In for $500. C. Debit Freight Expense for $500. d. Credit cash for $500. e. Credit Freight-In for $500. Question #5. Regarding the journal entry you considered in Question #4, above, from whose perspective did you consider the journal (i.e., from the Purchaser's perspective or from the Seller's perspective)? a. Seller b. Purchaser