what-is-the-journal-entry-for-purchasing-inventory-worth-3000-on-account

Question

What is the journal entry for purchasing inventory worth $3,000 on account?

Accepted Answer

Debit Inventory $$3,000; Credit Accounts Payable 3$$,000

Answer

Debit Cash $$3,000; Credit Inventory 3$$,000

Answer

Debit Accounts Payable $$3,000; Credit Inventory 3$$,000

Answer

Debit Inventory $$3,000; Credit Cash 3$$,000

What is the journal entry for purchasing inventory worth \$3,000 on account?