The Wilson Company purchased $31,000 of merchandise from the Poole Wholesale Company. Wilson also paid $2,400 for freight costs to have the goods shipped to its location. The company uses the perpetual inventory system. Which of the following summarizes the effects of the journal entries required to record these transactions for The Wilson Company? (Consider the effects of both business events.)

Multiple Choice

• Total debits to the inventory account would be $33,400.

Total debits to the inventory account would be $2,400.

Transportation-in would be debited for $2,400.

Total debits to the inventory account would be $31,000.