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Home Q & A Board Other Fields Homework Help Business Accounting
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gOOvER gOOvER
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6 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   40,000   
Notes payable      40,000

B)
Purchases   40,000   
Notes payable      40,000

C)
Purchases   43,200   
Accounts payable      43,200

D)
Inventory   43,200   
Notes payable      43,200
Textbook 
Accounting, Volume 1, Canadian Edition

Accounting, Volume 1, Canadian Edition


Edition: 9th
Authors:
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migrodmigrod
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6 years ago
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gOOvER Author
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5 years ago
Hopefully I pass my course
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