For the purchase of $10,000 of merchandise on account with freight of 560 the following entry occurs:

1/ Debit Accounts Receivable $10.000, Credit Inventory $10,000

2. Debit inventory $10,000, Debit Freight in $560, Credit Accounts Payable $10,560

3. Debit Inventory $10,000, Debit Freight in $560, Credit Accounts Receivable $10,000

4. Debit Accounts Payable $10,560. Credit Inventory $10,000, credit Freight in $560