Secret Combinations Company purchased inventory for $95,000. The purchase was made on account. Which ONE of the following would be included in the journal entry necessary to record this inventory purchase on account? O CREDIT to Accounts Payable for $95.000 O CREDIT to Cash for $95.000 ODEBIT to Accounts Payable for $95,000 O DEBIT to Cash for $95,000 O CREDIT to Inventory for $95,000 Question 7 1 pts Which of the following represents a **decrease in liabilities** correctly? A) Rent Expense XXX Cash XXX B) Accounts Receivable XXX Revenue XXX C) Accounts Payable XXX Cash XXX D) Wages Expense XXX Wages Payable XXX OD o o i OA OB