U Question 7 1 pts If Bob purchases blank t-shirts for his designer shirt company in June on account for $1,000, which of the following represents the correct journal entry for this transaction? Onone of the other answer choices are correct Dr. Cost of Goods Sold (+E. SE) 1,000 Cr. Cash (-A) $1,000 Dr. Cash (+A) $1.000 Cr. Inventory (-A) $1,000 O Dr. Inventory (A) $1.000 Cr. Accounts Payable (+L) $1,000 Question 8 1 pts Bob issues 10,000 shares of common stock at a par value of $5. He raises a total of $70,000. What is the associated journal entry for this transaction? O Dr. Cash (+A) $70,000 Cr. Common Stock at Par (+SE) $50.000 Cr. Additional Paid in Capital (SE) $20,000 Dr. Cash (+A) $70,000 Cr. Revenue (+R+SE) $70,000 Cr. Inventory A $1.000 O Dr. Inventory (+A) $1.000 Cr. Accounts Payable (+L) $1,000 Question 8 1 pts Bob issues 10,000 shares of common stock at a par value of $5. He raises a total of $70,000. What is the associated journal entry for this transaction? O Dr. Cash (+A) $70,000 Cr. Common Stock at Par (+SE) $50,000 Cr. Additional Paid in Capital (SE) $20,000 Dr. Cash (+A) $70,000 Cr. Revenue (+R. +SE) $70,000 Dr. Cash (+A) $70,000 Cr. Common Stock at Par (+SE) $20,000 Cr. Additional Paid in Capital (+SE) $50,000 Dr. Cash (+A) $70,000 Cr. Common Stock at Par (HSE) $70,000 1 pts