Pharoah Corporation purchases $ 1000 of merchandise on account from Enterprise Company, terms 2/10, n/30. Pharoah and Enterprise both use periodic inventory systems. Pharoahs entry record this transaction is:

Accounts Payable	1000
Inventory		1000

Inventory	1000
Accounts Payable		1000

Purchases	1000
Accounts Payable		1000

Accounts Payable	1000
Purchases		1000

Pharoah Corporation purchases $ 1000 of merchandise on account from Enterprise Company, terms 2/10, n/30. Pharoah and Enterprise both use periodic inventory systems. Pharoah's entry record this transaction is: Accounts Payable 1000 Inventory 1000 O Inventory 1000 Accounts Payable 1000 O Purchases 1000 Accounts Payable 1000 Accounts Payable 1000 Purchases 1000