Zundel Company purchases inventory on account at a cost of $3,000. Zundel Company uses the perpetual inventory method. What journal entry is required on the date of purchase? debit Inventory for $3,000 and credit Accounts Payable for $3,000 debit Accounts Receivable for $3,000 and credit Sales Revenue for $3,000 debit Cost of Goods Sold for $3,000 and credit Inventory for $3,000 debit Purchases for $3,000 and credit Accounts Payable for $3,000