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Tomm Tomm
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6 years ago
Under a periodic inventory system, which of the following entries would record the purchase of merchandise on credit?
A) Debit Inventory and credit Accounts Payable
B) Credit Purchases and debit Cost of Goods Sold
C) Credit Sales and debit Accounts Receivable
D) Debit Purchases and credit Accounts Payable
Textbook 
Financial Accounting, Canadian Edition

Financial Accounting, Canadian Edition


Edition: 5th
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ACC 925
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TheSinTheSin
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6 years ago
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