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Other Fields Homework Help Accounting Topic started by: bravata on Feb 20, 2017



Title: The journal entry to record the purchase of merchandise on credit, under the perpetual inventory ...
Post by: bravata on Feb 20, 2017
The journal entry to record the purchase of merchandise on credit, under the perpetual inventory system is:
A) Debit Purchases, credit Accounts Payable
B) Debit Cost of Goods Sold, credit Accounts Payable
C) Debit Inventory, credit Accounts Payable
D) Debit Purchases, credit Inventory


Title: Re: The journal entry to record the purchase of merchandise on credit, under the perpetual inventory ...
Post by: largerthanlife on Feb 20, 2017
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