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