On January 1, Year 1. ABC Merchandising Company was started. The compary experienced the following eyents dering the fint vear of operation: 1. Started the business by issue common stock for $1,000cash. 2. Purchased $750 of inventory on account. 3. Sold merchandise costing $650 for $680 on account. 4. Collected $190 cash from accounts receivable. 5. Paid $740 of outstanding accounts payable. Which one of the following journal entries correctly records ABC Merchandising Company's purchase of inventory