Adams Company Recorded the Following Journal Entry on March 2,2018

Adams Company recorded the following journal entry on March 2,2018. From the journal entry above,identify the transaction on March 2,2018.

A) Adams purchased goods worth $8,500 and signed a one-year note for the same amount.
B) Adams sold goods for $8,500 cash.
C) Adams received $8,500 for services to be performed in a later period.
D) Adams paid $8,500 for services to be received at a later date.