LoCo, which uses the periodic method, purchases merchandise on account for $56,000, F.O.B. shipping point. Freight charges are $900 C.O.D. LoCo should record these purchases as........

A. Purchases 56,000

Accounts Payable 55,100

Cash 900

B. Purchases 56,900

Accounts Payable 56,000

Cash 900

C. Purchases 56,000

Freight-IN 900

Accounts Payable 56,000

Cash 900

D. Purchases 55,100

Freight-In 900

Accounts Payable 55,100

Cash 900