Jan 1, 2020. Ray Jones Store purchased, on credit, from Tom Wholesellers, inventories costing $1,500. Credit terms were 3/10, n/30. Freight was FOB shipping point for $10 and was paid by cash. What is the Jan 1st Journal Entry in Ray Jones Store books under the Perpetual Inventory System? 1500 O a. Purchases Accounts Payable 1500 1500 1500 10 Inventory O b. Freight-In Accounts Payable Cash 1500 10 1,510 oc. Inventory Accounts Payable Cash 1,500 10 O 1500 10 Purchases d. Freight-In Accounts Payable Cash 1500 10