Mathematics, 17.11.2020 05:50 andrejr0330jr
11. Which of the following is the correct journal entry to record the purchase of $7,500 of inventory on account under the perpetual inventory system?
O A. Debit Inventory, $7,500, credit Accounts Payable, $7,500
O B. Debit Purchases, $7,500, credit Accounts Payable, $7,500
O C. Debit Cost of Goods Sold, $7,500, credit Inventory, $7,500
O D. Debit Inventory, $7,500, credit Cash, $7,500
Answers: 3
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11. Which of the following is the correct journal entry to record the purchase of $7,500 of inventor...
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