Florist Gump, Inc., uses the FIFO method and had the following inventory activity for June: Beginning Inventory, June 1 5,000 units @ $300 each Purchase, June 15 15,000 units @ $350 each Sale, June 25 18,000 units @ $700 each Record the entry for the purchase of inventory on account for June 15. Be sure to answer each; if no effect, select "O No Effect". A. Debit Inventory 5,250,000 B. Credit Cash 5,250,000 C. Credit Accounts Receivable 5,250,000 Assets D. Debit Cost of Goods sold 5,250,000 Liabilities Shareholders' Equity E. Debit Accounts Receivable 5,250,000 F. Credit Accounts Payable 5,250,000 G. Debit Accounts Payable 5,250,000 H. O No Effect