REI purchases inventory from Nike for $25,000 using credit and plans to sell that inventory in the future for $50,000. The entry that REI records is

Question 1 1 pts REI purchases inventory from Nike for $25,000 using credit and plans to sell that inventory in the future for $50,000. The entry that REI records is a Debit to [ Select ] Inventory $25,000 and a credit to [ Select ] Inventory $50,000 Accounts Payable $50,000 Cash $25,000 Acounts Payable $25,000Question 1 1 pts REI purchases inventory from Nike for $25,000 using credit and plans to sell that inventory in the future for $50,000. The entry that REI records is a Debit to [ Select ] and a credit t v [ Select ] Accounts Payable $50,000 Inventory $50,000 Cash $25,000 Inventory $25,000 Accounts Payable $25,000