If the business bought $1,750 inventory (no term) 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: OA. Dr. Sales $1,750 Cr. Cash $1,750 OB. Dr. Account payable $1,750 Cr. Cash $1,750 OC. Dr. COGS $1,750 Cr. Inventory $1,750 OD. Dr. Accounts receivable $1,750 Cr. Accounts payable $1,750