Abbott Company Purchased $6,500 of Merchandise Inventory on Account $\begin{array}{|l|r|r|}\hline \text { Accounts Payable } & 6,500 & \\\hline \text { Purchases } & & 6,500 \\\hline\end{array}$

Abbott Company purchased $6,500 of merchandise inventory on account.Which of the following entries would be required to record this transaction?

A) $\begin{array}{|l|r|r|}\hline \text { Accounts Payable } & 6,500 & \\\hline \text { Purchases } & & 6,500 \\\hline\end{array}$
B) $$\begin{array} { | l | r | r | } \hline \text { Irvertory } & 6,500 & \\\hline \text { Accourits Payable } & & 6,500 \\\hline\end{array}$$
C) $$\begin{array} { | l | r | r | } \hline \text { Cost of Goods Sold } & 6,500 & \\\hline \text { Accournts Payable } & & 6,500 \\\hline\end{array}$$
D) $$\begin{array} { | l | r | r | } \hline \text { Accourts Payable } & 6,500 & \\\hline \text { Irventory } & & 6,500 \\\hline\end{array}$$