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Select the correct entry for the following transaction for ABC Company. ABC purchased $9,200 of merchandise inventory on account, terms 2/10, n/30. Select the

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Select the correct entry for the following transaction for ABC Company. ABC purchased $9,200 of merchandise inventory on account, terms 2/10, n/30. Select the option that represents this purchase of inventory. Option Account A Accounts Payable DR CR 9,200 Inventory 9,200 Option Account DR CR B Inventory 9,016 Cash Option C Inventory 9,016 Account DR CR 9,200 Accounts Payable 9,200 Option Account DR CR D Inventory 9,016 Accounts Payable 9,016 Option None of the Above E

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