(Answered) Question - the company began january with 3500 of

Accounting

Question - The company began January with $3,500 of merchandise inventory. During January, the company made the following entries for its inventory transactions:

Inventory $6,500

Accounts Payable $6,500

Accounts Receivable $7,100

Sales Revenue $7,100

Cost of Goods Sold $5,500

Inventory $5,500

How much was the company's inventory at the end of January?

a. $10,000

b. Zero

c. $4,500

d. $6,500

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