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gOOvER gOOvER
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7 years ago
Refer to Table 11-11. What is the correct journal entry to record the purchase of inventory if Maudlin Sales uses a periodic inventory system?
A)
Inventory   80,000   
          Notes payable      80,000

B)
Purchases   80,000   
          Notes payable      80,000

C)
Purchases   86,400   
          Accounts payable      86,400

D)
Inventory   86,400   
          Notes payable      86,400
Textbook 
Accounting, Volume 1, Canadian Edition

Accounting, Volume 1, Canadian Edition


Edition: 9th
Authors:
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wrote...
7 years ago
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gOOvER Author
wrote...
6 years ago
Hopefully I pass my course
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