The journal entry to record the purchase of $8,800 of inventory on account under the perpetual inventory system is: A. debit Inventory, $8,800; credit Accounts Payable, $8,800. B. debit Cost of Goods Sold, $8,800; credit Inventory, $8,800. C. debit Inventory, $8,800, credit Cash, $8,800. D. debit Purchases, $8,800; credit Accounts Payable, $8,800.