Point-of-Sale Systems Company purchases $20,000 of devices for resale. The company also spends $500 in transportation cost to have the devices shipped from the supplier. Assuming the company uses a perpetual inventory system, which of the following reflects an appropriate journal entry the company should use to record the purchase? Group of answer choices Debit cost of goods sold $20,500; credit accounts payable $20,000. Debit inventory $20,000; credit purchases $20,000. Debit inventory $20,500; credit a