The Following Journal Entry Was Included in the Accounting Records

The following journal entry was included in the accounting records of Jentzen Corp.:
Based on this information,it is likely that the company:

A) Purchased inventory for cash.
B) Paid for inventory purchased on credit,and took advantage of a 1% purchase discount.
C) Sold inventory for cash.
D) Collected cash for inventory sold on credit,and recognized a 1% sales discount.