If the business bought $1200 inventory on Jun4, 2019 on account (didn't pay money at the moment when they bought the inventory), then they paid the money for the inventory a few days later. The payment accounting entry will be Select one. OA Dr. COGS $1,200 Cr. Inventory $1,200 OB Dr. Account payable $1,200 Cr. Cash $1,200 OC Dr. Accounts receivable $1,200 Cr. Accounts payable $1,200 OD Dr Sales $1,200 Cr Cash $1,200 P Type here to search