Question 1 (1 point) A purchase of inventory on account affects which accounts on the purchaser's books? a) Inventory increases and cash decreases b) Only inventory and accounts payable both increase c) Purchases, inventory, and cost of goods sold all increase, and cash decreases d) Purchases, accounts payable, and inventory all increase e) Sales, accounts payable, inventory and cost of goods sold all increase f) Only purchases and accounts payable both increase