Wilham Roofing Acquired Merchandise Inventory for $12,000,paying One-Fourth in Cash $\begin{array}{lll}\text { } & \mathrm{Dr.}& \mathrm{Cr.}\\{\text { Cash }} & 3,000 & \\\text { Merchandise Inventory } & &3,000 & \\\end{array}$

Wilham Roofing acquired merchandise inventory for $12,000,paying one-fourth in cash and the remainder on open account.Which of the following is the journal entry necessary to record this transaction?

A) $\begin{array}{lll}\text { } & \mathrm{Dr.}& \mathrm{Cr.}\\{\text { Cash }} & 3,000 & \\\text { Merchandise Inventory } & &3,000 & \\\end{array}$

B) $\begin{array}{lccc}\text { } & \mathrm{Dr.}& \mathrm{Cr.}\\\quad \text { Cash } & 3,000\\\quad \text {Accounts Receivable } & 9,000\\\text { Merchandise Inventory } &&12,000 \\\end{array}$

C) $\begin{array}{lccc}\text { } & \mathrm{Dr.}& \mathrm{Cr.}\\\quad \text { Cash } & 3,000\\\text { Accounts Payable } & 9,000 & \\\quad \text { Merchandise Inventory } & & 12,000\\\end{array}$

D) $\begin{array}{lccc}\text { } & \mathrm{Dr.}& \mathrm{Cr.}\\\text { Merchandise Inventory } & 12,000 & \\\quad \text { Cash } & & 3,000\\\quad \text { Accounts Payable } & & 9,000\\\end{array}$

$\begin{array}{lccc}\end{array}$

E) $\begin{array}{lccc}\text { } & \mathrm{Dr.}& \mathrm{Cr.}\\\text { Merchandise Inventory } & 12,000 & \\\text { Cash } & &3,000 \\\quad \text { Accounts Receivable} & & 9,000\\\end{array}$