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Ghoulie Inc. Buys $2000 of inventory in exchange for a promise to pay in 30...

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Accounting

Ghoulie Inc. Buys $2000 of inventory in exchange for a promise to pay in 30 days.
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Ghoulie Inc. buys $2,000 of inventory in exchange for a promise to pay in 30 days. Which journal entry should Ghoulie Inc. record? DR: Inventory 2,000: CR: Accounts Payable 2.000 O DR:Inventory 2,000; CR: Cash 2,000 DR: Accounts Payable 2,000; CR: Inventory 2.000 O No entry until cash is paid

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