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The Walsh Company purchased $20,000 of merchandise from the Chicago Wholesale Company. Wales also paid $1,500 for freight costs shipping point) to have the goods

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The Walsh Company purchased $20,000 of merchandise from the Chicago Wholesale Company. Wales also paid $1,500 for freight costs shipping point) to have the goods shipped to its location. Which of the following statements regarding the necessary entries for the transactions is true? a. Total debits to the inventory account would be $20,000. b. Total debits to the inventory account would be $21,500. c. Transportation Expense would be debited for $1,500. d. inventory account will be debited by $20,000 and transportation expense would be debited by $1,500

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