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Simple Solutions purchases inventory costing $8,000 on account on February 12. What journal entry should Simple record? Select one: a. DR: Inventory $8,000; CR: Accounts

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Simple Solutions purchases inventory costing $8,000 on account on February 12. What journal entry should Simple record? Select one: a. DR: Inventory $8,000; CR: Accounts Payable $8,000 O b. DR: Inventory $8,000; CR: Cash $8,000 O c. DR: COGS $8,000; CR: Cash $8,000 O d. DR: COGS $8,000; CR: Accounts Payable $8,000

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