The journal entry to record the purchase, on account, of $1,000 of inventory is a. Dr. Inventory $1,000 and Cr. Cash $1,000 b. Dr. Inventory $1,000 and Cr. Accounts Payable $1,000 c. Dr. Accounts Payable $1,000 and Cr. Inventory $1,000 d. Dr. Cash $1,000 and Cr. Inventory $1,000