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Home Q & A Board Other Fields Homework Help Business Accounting
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H3Ko H3Ko
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8 years ago
Which of the following entries would be made to record the purchase of inventory on account, if a company uses the perpetual inventory system?
A) a debit to Accounts Payable and a credit to Purchases
B) a debit to Merchandise Inventory and a credit to Accounts Payable
C) a debit to Purchases and a credit to Accounts Payable
D) a debit to Accounts Payable and a credit to Merchandise Inventory
Textbook 
Horngren's Financial & Managerial Accounting, The Financial Chapters

Horngren's Financial & Managerial Accounting, The Financial Chapters


Edition: 5th
Authors:
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Mrgo-breedMrgo-breed
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8 years ago
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H3Ko Author
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7 years ago
I just realized you had posted this! Thanks so much
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7 years ago
I'm liking this Slight Smile
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