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