X Company purchases $100 of inventory from Y Company on credit Y Company's cost of inventory is $50. Which of the following journal entries corresponds to both companies? Select the single best answer: A. X Co. debits Inventory $100 and credits Accounts Payable $100.Y Co. debits Accounts Receivable $100, credits Sales $100, credits inventory $50, and debits Cost of Goods Sold $50. B X Co. debits Accounts Recelvable $100 and credits Cash $100. Y Co. debits Accounts Receivable $50, credits Cost of Goods Sold $50, debits Inventory $100, and credits Cost of Goods Sold $100 C. X Co. debits Cost of Goods Sold $100 and credits Accounts Payable $100. Y Co. debits Accounts Receivable $50 and credits Accounts Payable $50. D. X Co. debits Inventory $100 and credits Cost of Goods Sold $100. Y Co, debits Inventory $50, credits Cost of Goods Sold $50, debits Accounts Receivable $100, and credits Cash $100 E X Co. debits Inventory $100 and credits Cash $100 Y Co. debits Accounts Recelvable $100, credits Cost of Goods Sold $50, and credits Inventory $50