Nolan Industries had the following events in 2020 Nov 10 Purchased 100 units of inventory on account at $8 each Dec 5 Sold 70 units on account at $15 each Assuming Nolan Industries uses the perpetual Inventory method, which set of entries reflect how the Nov 10 and Dec 5 events would be recorded? OA DATE Debit Credit Nov 10 Purchases 800 Accounts payable 800 DOC 5 Cost of goods sold 560 Inventory 560 OLDATE Dobit Credit Nov 10 Inventory 800 Accounts payable 800 Decs Accounts receivable 1,050 Deco ACCOUnis receivable T,U50 Sales 1,050 Debit Credit 800 800 OC DATE Nov 10 Inventory Accounts payable Dec5 Accounts receivable Sales Cost of goods sold Inventory OD DATE 1,050 1,050 560 560 Debit Credit Nov 10 Purchases 800 Accounts payable Accounts receivable 800 Dec 5 1,050 Sales 1,050