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Home Q & A Board Other Fields Homework Help Business Accounting
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bravata bravata
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7 years ago
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
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Financial Accounting

Financial Accounting


Edition: 3rd
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largerthanlifelargerthanlife
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7 years ago
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bravata Author
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7 years ago
Just got PERFECT on my quiz
patyfeitosa
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Yesterday
Good timing, thanks!
Harvinder
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2 hours ago
This calls for a celebration Person Raising Both Hands in Celebration
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