Reference no: EM131722390

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