Question 7 (1 point) Question 13) FALL Ltd was established on January 1st, 2020. The following are selected transactions that occurred during the first quarters of 2020 (the company fiscal year-end is December 31). January 26: FALL sold goods on account to TOUT Ltd: $80,000. February 26: FALL Received payment from TOUT: 550,000. March 3: CRIS Ltd visited FALL to discuss the availability of a product and promised to place an order for the product two weeks later for $25,000. March 30: FALL purchased a delivery truck from COSS Ltd for cash: $95,000. In the books of FALL, the journal entry to record the transaction on January 26 would include: O a. a credit to account payable for $80,000. b. a debit to property, plant and equipment for $80,000. c. a debit to accounts receivable for $80,000. d. a debit to expense for $80,000. e. a debit to inventory for $80,000