If an inventory item purchased on account at an earlier time is now receiving a credit memo. None of the goods have been paid yet, the accounting entry will be O A. Dr. Inventory and Cr. Accounts Payable B. Dr. Cash and Cr. Purchases Return O C. Dr. Accounts Payable and Cr. Inventory O D. Dr. Purchases Returns and Cr. Cash . Please make accounting journ Time left 1:04:44 following transactions (please also show me what Journal it is and breakdown calculations if there are amounts you need to calculate) 1, Nov1, 2019 Business owner James Patterson purchased $30,200 inventory for the business and paid it using his personal money 2, Nov3, 2019 Sold inventory on credit to KCG Inc. $27,800, cost $9,000, term 2/10, n/30. 3, Nov4, 2019 received DHL bill for the delivery charges $300 regarding Nov1, 2019 Inventory purchase, paid in cash. 4, Nov5, 2019 KCG Inc. returned $2,500 over- ordered inventory back to business (cost is $850). The return items were still in good condition. So, business stocked them back. 5, Nov8, 2019 Received a debit memo from KCG Inc. for an error that overstated the total invoice by $55. 6, Nov11, 2019 Business bought $13,500 inventory with a trade discount of 35% from JCY Ltd. term: 2/5, n/30. 7, Nov13, 2019 received KCG's money in full