FF Co. has recorded the following transactions involving the Flat TV:

Jan. 5 Purchased 8 Flat TVs at a unit cost of $1,400 Jan. 18 Purchased 5 additional Flat TVs at $1,400 each Feb. 12 Sold 9 Flat TVs to the Duke Hotel for $15,300

Co.uses a perpetual inventory system, the journal entry to record the purchase on January 18th would include which of the following?

A. A debit to the Purchases account for $7,000. B. A debit to the Cost of Goods Sold for $7,000. C. A credit to Inventory for $7,000. D. A debit to Inventory for $7,000.